Euro - dollar parity is at 1.0765. Since the dollar index remains slightly above the 104 level, I continue to follow the 1.07 - 1.08 range here. Euro - dollar parity still remains cheap in my opinion.
On the ounce gold side, there is the 2016 dollar level. We focused on wide bandwidth. The pressure and uncertainties here still continue. I continue to follow these band intervals 1950 - 2050. He's currently wandering around. On the ounce gold side, it will try 2060 and 2058 dollars. But what is important for me is, will it be able to close above the $2058 level? The Central Bank of America, the FED, continues to suppress gold. The longer this suppression is postponed, the better it is for the FED.
You need to know that these prices are cheap, especially from the moment you see the price falling below the 2000 dollar level on the ounce gold side. Because there is no change in our road map regarding the 2150 - 2250 dollar level during the year. Maybe if we see fake declines like last week, that is, if we see declines below the 2000 dollar level, I will say that gold is cheap. That's why I will continue to see every figure below the $2000 level as cheap and free.
Geopolitical tensions, uncertainties about the global economy, and processes related to the policies that central banks will implement in the second half of the year will continue to maintain the strong stance of ounce gold this year. In 2024, gold will continue to experience its "golden age".
The ounce price of silver started the week with sellers due to ratio. Compared to gold, silver is cheaper at $23. The band range I follow is $22.80 - $23.80. My prediction for this year for 32 dollars still continues. Investors who want to inflow silver need to know that silver is quite cheap. For 5 - 6 months, you will realize that it will present the 1.5-year return to its investors on a silver platter in exactly one week.
This rising trend in the cryptocurrency market continues on the first trading day of the week. There is currently an increase of 0.61% points at the level of 52184 dollars. I warned investors in the cryptocurrency market last week. Notice that we have the $48000 support level below. Watch the $48000 support level, there is 55000 resistance above. Look, follow the range of 48000 - 55000 dollars. Now it continues to linger at the $52000 level. However, the $48000 level continues to be around the corner in my opinion. Don't be surprised if you wake up one morning and see numbers below this $50,000 level.
FED minutes will be published this Wednesday. This is important for global markets. I wonder when the Central Bank of America, the FED, will start reducing interest rates and how the process will work here, we will get the clue here. We will follow inflation data on the European side. Let's see if an inflation data of around 8.2% will meet the expectations. I will continue to follow this side closely. Inflation figures in Europe will be very important for the recession discussions here and the course of the euro-dollar party here.
Oil is at $83.39. Here it settled in the $80 - $85 range. continues to linger in this band range.
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