Many institutions expect a recession in 2023. It was very unreasonable to be in risky assets, there was a very pessimistic picture with collapse scenarios etc. But when we look back, Nasdaq has rallied like this. There was also a Santa rally. Then, although S&P was lagging behind, it closed with a rally. In short, 2023 was not as feared for the American side. This year, I think that there will be no such fearful things for the American side. But we're just going to be a ton of cautious. We will not be afraid, but we will be a little cautious against correction risks. America has a way to go, but it can whine a little like this before going that way. We will try to manage this process. Actually, then I can say this. So, I am optimistic on the American side in 2024. However, since costing from the right place is very important, where can costing be done? For example, I think that people who make costs from a place like S&P 3600 - 3800 and try to make costs from there will not be in the right risk management. They can compensate for the risk of withdrawal up to a certain point, with a very serious optimism and a very serious profit. But I think they will not have the same risk management for new participants. I repeat, I am optimistic in the medium term. America will go to very different points, but I am holding myself back a little in my tone of appetite.

I want to draw a gold projection for 2024. I write down the pros and cons in front of me. Now, when I look at the minus side, that is, when I look at the side of things that will pressure the gold down, I look back; Bond interest rates rose again, both short, medium and long. He tried to react. Naturally, when the dollar index tries to react, it now suppresses gold from here. But on the other hand, geopolitical risks continue, he says. We know that this pricing will not continue like this. The weekly chart also shows that the rise in interest rates in this dxy will pressure this area for a while longer. The upward movement in DXY and American 10-year stocks started to come at the double top. There is gold that has been having difficulty moving above the 2080 region for about 2 weeks. Temporally, in terms of correlation, there is an upward movement in the American 10-year charts and DXY. Now let me talk a little about the American 10-year period and dxy. These short-term reaction attacks will continue for a while. However, their medium-term decline will continue. But in general, the downward trend that has occurred since the last quarter of 2023 will continue. Gold continues to try to hold on to the 2011-2010 supports above Fibonacci 78.6 with its 8-week moving average. It has formed horizontal resistance at the level where it made its previous peak and is having difficulty settling above the 2080s. Now, when we look at the ounce, we need to read the chart with a low risk appetite in the 2080-2010 band. In Mac and trigger, there is a soft warning signal, such as a slight tilt of the head down and a tone that sounds like I'm under pressure, I want to step back a little bit. It's not to be afraid, but there is a gentle warning signal. Since it has not been able to move above the 2080s for 2 weeks, the investor can manage the image that will remain somewhat suppressed in the technical figure on the chart with 2010 - 2020. If the price can stay above the 2010-2020 range, it can cautiously optimistically read the 2010 - 2080 band upward. But let me give this warning to investors today. Until the chart settles above the 2080s. If I elaborate, it should give us more than one close above 2080. Therefore, until 2080 gives us two days of closure, investors need to manage the 2080 - 2010 band with extra sensitivity, not spoiled emotions and to manage risks. So, we need to read cautiously optimistically here. Therefore, it seems that the ounce of gold will remain suppressed for a while in the 2080 - 2010 band. When the second day closes above 2080, I start reading this chart with a strong upward tone and start a strong uptrade towards 2200. I think it might break like this above 2080 and cause some stalling after the break. Therefore, investors should not panic when it exceeds 2080. He should give the price a chance and see if it will fit over the 2080 or not. On the second day closing above 2080, it most likely means that the ounce of gold will continue its upward movement without correction. This can be managed enthusiastically in terms of long trading. Be careful, let's read this with caution unless or until the 2080 I mentioned is passed. Because there is still a sweet fatigue and a sweet desire for correction in a chart. Therefore, investors should keep aside in their risk notes the possibility that a pressure on the ounce of gold will continue towards 2010 and 1980s until 2080 is passed. The investor can place a trailing stop at the 2010 level against a decline that may go back to the 1940s, in the sense of returning to the 2010 - 1980 region or even the trend. So actually, if the closures start below 1980 dollars, then this place may loosen until the 1940s. It may loosen up to 1940 or even 1900. To manage this fear, the investor can use a slightly wider stop loss on the short-term major, or the 1980 level if he wants to be disciplined with a slightly wider number. But here, rather than the supports, I would say let's be a little cautious until 2080 is passed, until we see times 2 on the day it is passed. So, I don't want to waste too much time in those zigzags in between. I read the chart 51% down.

NUE (Nucor Corp.) is a stock that I like very much, which we call white collar in America and is among the ETF funds that love dividend investments. When we look at the chart of this stock, I am talking about a stock that is very specific, very regular, that makes its investors happy on a certain curve, without disturbing their heart rhythms, that is, without excessive upward breaks or speculative movements, protects against inflation, and gives a clear and regular dividend. In this sense, NUE is America. It is one of the stocks that pay the most regular dividends. It is a stock that I like very much. It continues to move within a triangle that narrows and gets stuck between the horizontal descending resistance coming from the tops on the weekly chart and the medium-term uptrend. It is trending in the large term, but horizontal in the short term. Now, when we look here, we have a significant resistance at the nue 180 level. I will follow the 150 and 157 support zones in NUE with a strong tone. Especially unless the 150 level is broken, the retreat towards this level should be interpreted by the investor as an opportunity, not fear. The retreat towards 157 and 150 should be interpreted as an opportunity, not fear, in the trend discipline. NUE's decline below its 55-week moving average is not permanent. There have been times when it lasts a few weeks, but it's not permanent. Fiat goes down, stalls, doesn't last. They created a buying opportunity with the sags between the 55-day moving average and the trend. Then, the subsequent pullbacks towards 157 and 150 can be used as an opportunity for investors who want to invest in nue. Within the triangle that narrows and gets stuck in the 180-150 band, 180 can be considered as resistance, the retreat towards 157 and 150 can be seen as support, and it can be an opportunity pricing, an opportunity presentation, based on previous footprints, accepting that there may be relative risks in itself. Do not understand that NUE will drop to 150 before it exceeds 180. If such a formation occurs, it is like the past because it always fluctuates. Towards 157 and 150, investors can set an alert to put this stock on their radar for investing in a company with a strong foundation and rich dividend side in America, such as Nue. Therefore, if the nue, which continues to remain above 150 and 157, exceeds 180, it is possible that the nue will go into a spoiling phase towards 195 or even 220, as the 1.18 Fibonacci I put between 180 and 140 regions. Therefore, the withdrawals towards nue 150 and 157 will be interpreted as support and opportunity pricing for nue investors or investors looking for opportunities. In closes above 180, nue triggers 195 - 229 indulgence.

I can also say that PWR (Quanta Services) is a clear rising channel example. It is clearly close to its historical peak, because it has a historical peak above $200. He's seen it before. Of course, we are talking about a stock that has clearly risen from 80 dollars to 220 dollars, and has continued in a clear upward trend for about 3 years. In Quanta, 190 is intermediate support and 179 is strong support. As long as it remains above the 179 support, any withdrawals that may occur towards $ 179 or below, and any withdrawals that may occur towards the 179 - 170 region will be read as an opportunity in quanta. However, this does not mean that the quanta will drop to 179. Here, the investor can manage the risk of continuation or correction of the uptrend with the 190 level. Any decline from 190 to 179 will be interpreted as a gradual buying opportunity. As long as it continues to stay above these supports, the ascending channel target is 229. However, since this is rising, it will rise in the coming weeks. Quanta, which continues to remain above 179 and 190, seems to continue its process within the upward channel, where it will continue to target $ 220 - 230. Since the 8-week and 55-week moving averages remain slightly below, there may be a correction that could be a buying opportunity. Quanta, which continues to stay above 190 and 179, will continue to target the $220 - $230 region. There may be a retreat towards 190 and 179. We manage it with a reserve budget, both emotionally and in Trading discipline. If the quanta remaining above 170 and 190 cannot pass above 220 - 230, it may turn down again. It does its real quanta spoiling above 220 - 230 and can throw lava towards 300. Therefore, let's summarize here by saying that as long as the quanta investor stays above 170 and 190, he can stay in the discipline of following his positions with a short-term target of 220 - 230.

The S&P side closed with a rally while talking. Now I will talk about the past. I will try to predict the future, and more precisely, I will draw a strategy about the future. Looking at the movement after the new year, it looks like it will continue to correct slightly. Bond interest rates are also strong, meaning they are above 4%, and there is a slightly higher margin there as well. Investor comments and technical analysis should be interpreted in two ways. If one of them says that he/she is trading the trend and focusing on the big picture, all the withdrawals that will occur until 4500 - 4300 are short-term corrections and long-term opportunities for those who have cash and want to enter. For some, the declines towards 4533 - 4300 are governed by fear. Fear is not in my vocabulary. Because I argue that declines are always opportunities if they are taken from the right points and gradually. Therefore, if we look at the medium and long term, we will manage 4533 as a major risk and 4300 as a trend risk in this chart. Let's not say that there will be no retreat to these levels. Don't miss if they pull back to these levels and fall to 4533 - 4300 for 5180 - 5600 s&p targets. There may be a retreat towards 4533 and 4300 levels. Retreats towards these points will not disrupt the 5180 - 5600 2024 and or 2025 targets in S&P in any way. On the contrary, it will be read as an opportunity. I'm very clear, I don't expect a crash. If 4290 is broken, you can place a stop in the 4530 or 4290 region to manage the short-term risk below 4290. If this movement occurs below 4500 - 4300, you will place a stop at the second day closing below 4290. You defend yourself against that risk. You can manage your risk that way. Because of course there is that risk. The 4290 - 4533 band is a gradual buying opportunity for me. The discipline of placing a stop loss on the second day of this gradual buying opportunity below 4290 should be kept in the pocket in terms of risk management with the perception that the market is bi-directional. In my personal opinion, I do not think that the withdrawals to this region will occur in a chaotic capital market environment before or after the election in America. Looking at the chart, there will be corrections, there should be, but I do not expect a chaotic crash. As for the short term, we went down before the old peak of 4818, we got the approval, we went down to 4500, we got up and went. Otherwise, I won't even make any corrections. There is a possibility that I will break 4818 and go to 5180. Correction of closings below 4533, especially long directional trading, lifts water up to 4533 as the correction towards 4300 deepens. You can continue reading here relatively positively. You label this as a fix. Whenever 4533 breaks, they will correct it until the trend. You can manage it by disciplining yourself like "I need to lighten up a little." The result may be a retreat to 4533 in S&P before 4818 is passed. They may watch this retreat to the 4533 level with some caution, saying that this is a pullback, with some of the profits being waived. It may be necessary to make a defensive move by lightening it a little below 4533 and replacing it at 4300. In my personal opinion, it looks like America will be a bit fussy for a while in the 4818 - 4533 band. When will this whining stop? America will say again in a strong tone, "Let's start the movement focused on 5181" after 4818 passes. If we see a 2-day close above 4818, I will turn my correction expectation off. The fix was limited. I say they did it horizontally and go back to the discipline of reading up here as trading. Therefore, I read long trading here with a target of 5181 after 2 days of closing above 4818. Until I see the second-day closing above 4818, I either wait and see in the 4818-4533 band, that is, without a position, or I can put a stop at the second-day closing above 4818 and follow a position in the direction of a slight correction.

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.