The dollar index is currently above 104. There is a recovery on the dollar side again. Today, the dollar has re-entered the process of increasing value throughout the world. I will continue to follow the 104.50 resistance in the short term. However, since I do not expect the dollar index to rise, I can say that I expect downward movements in the dollar index again.
We also saw attacks above the 1.09 level in the euro - dollar parity this week. However, I also stated that I expected a retreat to the 1.850 - 1.08 level, and my same opinion is valid. Today, we again saw the level of 1.0923 in the euro - dollar parity. But now, the profit sales we expected are happening at the 1.0859 level. I will continue to follow 1.08 as a support level again tomorrow. Since I expect the level of 1.12 - 1.15 in the euro - dollar parity, I continue to attach more importance to the savings on the euro side.
An ounce of gold is currently at the 1995 dollar level. Today, it rose to the level of 2006 dollars again 3 times. But it cannot break this resistance level. I continue to follow these band intervals between 1960 - 2030 dollars. If we need to focus on the wide band range, there is a support level of $ 1930 below as a risk. But right now I will be watching the $1960 support level in the short term. Therefore, it may test the 1960 - 1957 dollar levels below one last time. On the ounce gold side, my negative expectation continues in the short term, but I will check again at the end of December. Since we will be faced with one ounce of gold settling above the 2000 dollar level and one ounce of gold targeting the 2350 dollar level in 2023, I will continue to see all declines on the ounce side as a buying opportunity. America is closed tomorrow and the next day due to Thanksgiving, markets are closed. We will finish the week on a slightly calmer course. Investors who hold gold should not rush to sell. New peaks will come. Every decline should be evaluated as a buying opportunity. It should be taken into consideration that the declines will not be permanent.
There is a 0.80 point depreciation at the ounce price of silver at $23.58. There was a support level at $22.80. Here we saw above the 24 dollar level this week with upward attacks again. Currently, the support level of $23.20 maybe the support level of $23.05 can work. Here, I can say that investors who hold dollars also have the opportunity to buy silver at parity. I had a warning at the $22 level. Be prepared for a two-dollar appreciation and the $24 level was seen. We will continue to see the $26 resistance in the next attacks.
There was a sharp decline in oil prices by 4.5%. There is a 4.5% selloff today at $78.73.
On the palladium side, there were also rapid attacks above the $ 1000 level. It is currently at $1054. There is a 2.5% profit selling here. Let's see if it can continue to hold on above the $1000 level.
We saw sharp movements on the Bitcoin side this week. News flows, especially from America, caused sharp fluctuations and sharp sales here. I have been frequently warning those who have been trading in the cryptocurrency market for about a month. Don't get excited, the rise hasn't started yet. The bull market hasn't started yet. There may be hard sales, be careful, I had warnings. It will dent the money of investors, especially in the US cryptocurrency market. We are faced with a market that will collapse the money of the companies here and face a penalty of $ 4.3 billion announced last night. That's why we faced a hard sell. Bitcoin is currently down 1.71% at $36310. However, I will be waiting for these sales to continue. Those who trade in the cryptocurrency market also need to be very careful.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
