Bollinger was getting a lot of harassment on the Dow Jones side last week. If gold starts to close, it could bring us up to 38500. I mentioned that we tested 38500. In the next stage, the range between 38640 and 38500 will be an important range for us next week. If we experience a breakout here, there is a high probability that this correction movement will continue until 38000. Above, especially the 38900 - 39200 band is important in terms of upward potential. If this range is crossed again and closings begin to occur above it, I can state that our next attack will be up to 40000 on the Dow Jones side. But if the 38642 - 38500 range is broken, there is a possibility that this correction will return to the 38000 - 37500 band. I can say that we should pay particular attention to this.
There is a slightly stronger trend in Dax. The point we will especially pay attention to here is the 17600s. As long as we stay above 17600, there is still a possibility that it will gather strength and go up. If we see a sag below it, there will be a possibility of retreating to 17400. The main support can be seen as 17400's. As long as we stay on this support there is no problem. We can read the chart that the retreats will recover and move towards the new peak again. Especially above, from a psychological perspective, 18000 will be an important resistance level for us on the dax side.
I can tell that Brent is seriously stuck. The upper bar lengths started to increase a little more recently, in the last week. But where we come to is Bollinger again. We are trying to hold on to Bollinger. I'll be following this specifically this week. Bollinger middle band is at 81,400. If it can stay above 81400, not only Bollinger but also our upper track range passes through the same region. If we experience a breakout here, the possibility of a withdrawal to the 78 - 76 band, especially up to these ranges, and the possibility of a sale will increase on the Brent side. So the level we need to pay particular attention to is 81,400. If it can stay on, it's still okay. There may be attempts to go up, but I can say here that since the attempts up this much were weak, they could not break and they could not get above 85, they started to increase the downside risks a little more. If pricing below 81,400 increases, at least on an hourly basis, there will be a high probability of retreating to the 78 - 79 region. Let me specifically mention this next week, on the Brent oil side.
Gold started a sharp upward movement when it became clear that there would be an interest rate cut. From now on, if it starts to close above the 2080s, it will start heading towards a new peak. I specifically said we should pay attention to this. Here, the one who stalks also follows quickly. Our tracking point is 2130. In other words, in case of a possible pullback, I will always consider the pullbacks in gold as a buying opportunity, as long as the old peak does not reach 2150 and the track below 2130 does not fall below this range. If it can stay on this area, what will be the target? When you look at it in general terms, there is a huge cup handle here. The approximate target for this can be calculated as 2400.
The only condition for this for the upcoming maturity is that possible withdrawals do not break the 2000s and 2040 region, which are the peaks. As long as it remains above these levels, the formation here will continue to support upwards, and as I mentioned, the target is calculated as 2400 here. So we can say that there is a high probability that we will see 2400 this year. The passing condition must not be below 2000 dollars from now on. We can read the graph that the scenario below 2000 dollars is that the formation here will be garbage. There are no problems for now. It continues to be supported on the upside. I should also point out that in the short term, if there is a break in this range, if there is a break in the 2130 - 2150 range, the possibility of testing the 2280s will increase again.
Silver, especially 24,600, was the previous stuck level. Likewise, we saw a correction here. Even though we did not see a very sharp correction in gold, this level caused silver to close negative. We will be looking specifically at whether 24,600 will be surpassed next week or not. If it closes above 24,600, 25,500 will be our new target level for silver, which is the Bollinger peak. Again, there is a region where we reached the Bollinger peak. Here he encountered a very harsh correction. Let's follow this specifically. I can say here that if it comes here and cannot close on it, it would be better to be prepared for a new correction. Especially the support below is around 23,600 - 23,700. Before that, I can say that our RSI indicator at 23,900 and our tracking indicator will be important on the silver side.
I had an argument about Bitcoin. After the gold ETFs came out, the market corrected gold by about 20%. Afterwards, it moves up to four times. After the ETFs came out we went to $50000. We saw a correction of slightly over 20% from $50000 to $39000. The movement that started afterwards brought us up to 70000 dollars without slowing down. Here, the targets of the movement can continue up to 80000 - 120000 dollars, if we take gold as an example. Of course, we need to be careful here. I continued to point this out, especially in the past weeks. Upward movements must continue without closing below the trail period. We haven't actually closed since the movement started in the 44800s.
There was only a fast close around 66200, which was a very hard bar. I think this is probably a move to blow up those who engage in leveraged transactions. Afterwards, it immediately returned to normal. If we look again, if the price starts to stay above $69000, you can read that the targets I mentioned here will be valid. In case of withdrawals, our next main support level is below 66000 dollars. The course of the movement may increase the selling pressure. Therefore, if we come below 66000 dollars and close, I can say that we need to be a little more cautious on the Bitcoin side in case the decline accelerates.
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