Let's start with Dow Jones, which has not been able to overcome for a long time and has thrown itself above the 38000 level. It also received support from Bollinger in the withdrawal. The track did not close below the deadline. Afterwards, it exceeded the 38000 resistance. We can read the chart that as long as it remains above 38000, this movement will continue to be supported towards 40000. Especially if it returns below 38000 during withdrawals, the test movement may continue for a while in the range of 37500 - 38000. Let's pay attention to this too.
Similarly, as I mentioned before, DAX had a level below 16500. It arrived, received support, then moved towards the peak levels and closed the week at the peak levels. Here too, especially the 17000s are still important for us. It is important that it can stay above Bollinger. If it continues to stay above these levels, the upward movement will be supported. If it starts to close below 17000 again, we may experience a retreat towards 16700. Let's pay attention to this too.
In the waiting phase on the gold side, in the saw zone. When we look at the period of almost 2 months, or even a little further, when we look at the 3-month period, we see that the movement continues, leaving behind the peak in December between 1970 and 2080. For a while now, bars have been getting shorter. This place expects more news. In other words, he is waiting for more clear news about interest rate cuts from the FED. Unless there are clear developments here, I still think that the saw movement will continue in the 1970 - 2074 region. From a technical perspective, when gold starts to close above 2075, we will be more likely to see a stronger upward movement in gold. I can state that the range that should be followed below is still the 1970 - 2000 range, as long as it is not broken, pullbacks can be seen as buying opportunities to trade.
On the Brent side, we see that the level of 82,000 dollars has been exceeded after a long time. This is very very important. He couldn't get over it for a very long time. We reached the end of November, December and January, but it could only be overcome. This was a really important move. If it can stay above 82, we will expect this movement to continue getting stronger towards the 85 - 88 band in the coming days. But if it returns and starts to close between 81.400 and 82 again, I can say that this movement will remain a temporary movement. However, it is important to note that if it receives support from 81.400, Bollinger, the upward movement will continue to grow stronger.
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.
