There may be an attempt at 104 in the dollar index this week. It is currently at $103.32. This may support the value increases of the dollar in international markets.
Euro - Dollar parity worked at 1.0850 support level as expected. It is currently at 1.0863. My positive expectation continues for the euro - dollar parity, reaching 1.12 and then 1.15. Therefore, investors who hold dollars in their hands can turn these profit sales into an opportunity this week. My positive expectations on the Euro side continue.
There was a rapid, sharp fluctuation in gold last night. Here we saw one ounce of gold rising to the $2145 level. Everyone was surprised about what was happening. Such an aggressive rise occurred when Asian markets opened and a serious attack took place. They made a serious filling and unloading because the year-end positions were closed and the year-end positions were targeted by serious bulls here. Currently, ounce gold is at the level of 2060 dollars. Friday's closing was at the level of 2070 dollars and I am following the 2020 dollar support level. I had warned you not to believe these prices, especially since these prices were artificial increases and unhealthy increases, and finally today we saw together that the prices normalized again during the day and fell again at the support level of 2060 dollars. Maybe we will see such movements again at night. These are fake increases, you should not fall for it. Although I expected it to fall below the $2000 level, those support levels also rose after such aggressive rises in December. It would be beneficial to see this as the 2020 dollar level rather than the 1980 dollar level, so there is no need to take risks. Because international markets are giving signals. Altın says he will go and he says he will go suddenly. Since this signal scares us, it is necessary to revise that 1980 dollar support level as the 2020 dollar level. You shouldn't take too many risks. Those who have gold should continue to do so. Because our target in 2024 is 2350 dollars. There is no change in our expectation. It's just that the support levels below have moved a little higher. So we will continue to follow the 2020 dollar level again. Of course, December is very important for global markets, the dollar index, and gold and silver prices. Non-farm employment data will be announced in the United States on Friday. Secondly, inflation data will be announced in America next week. Thirdly, there is the interest rate decision of the US Central Bank, the FED. Therefore, gold prices are focused on these developments, and the developments here will have a huge impact on the dollar index, the value of the dollar in international markets, and especially on commodity prices. December is a very important month. Of course, the possibility of the US Central Bank, the FED, bypassing interest rates became stronger in December. In other words, there is a FED that will bypass the year without increasing interest rates. This will support gold and silver prices positively. Therefore, it is necessary to gradually turn these declines in gold into a buying opportunity. A trend that will rise rapidly without giving any opportunity continues to stand before us. My target is the 2350 dollar level in 2024 and I will consider every decline as a gradual buying opportunity. That's why I want to express that I also care about the 2020 dollar level.
Ounce silver is down 1.5% at $25.13. There is normalization here too. There is a support level at $24.80. I will continue to follow the 26 resistance if it rises again. The $25.91 resistance was tested. Upward movements will continue rapidly again.
There is a level of 78 dollars in oil prices with 1% seller. There was an Opec meeting. As I mentioned before, it was an important meeting. Opec members Qatar said that if the war does not stop or continues, we will continue to reduce the oil supply to the world again. In other words, it would be beneficial to include oil prices among the factors that will bring inflation back in the world. Even though we see oil prices below 80 dollars, I still maintain my positive expectations.
Those who invested in the cryptocurrency market gradually started to smile. Currently bitcoin is at $41840. It broke $40000. There is an 18% increase in value. Especially altcoins need to be included in this rise so that those who lost 180% of their assets can compensate for this again. The positive expectation for 2024 continues. It looks like it's open. However, the answer to the question of whether this suppression process is over is no. Again, sharp fluctuations continue. I observe that when each resistance level comes, there is immediate excitement on social media. Of course, since a perception has been created entirely on social media, altcoins must also continue these rises in order for this to continue to rise permanently. That's why I personally think it's too early to get excited and optimistic.
When we look at the sterling - dollar parity, there is a level of 1.0655. It is quite cheap, my expectation is 1.32 level. I can say that investors who hold dollars have an opportunity to enter sterling through the sterling-dollar parity.
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