On the ounce gold front, there was an ounce gold price that even tested above 2470 dollars. In the last situation, there is a very slight relaxation movement. The daily chart of the ounce gold continues its channel movement by fluctuating between 2492 and 2317. It continues its horizontal upward movement within the horizontal channel. It continues to try to find support in the 55 and 89 moving average region, which it did in the 1900s as well. Now that it is above these moving averages, it clearly shows that the upward dynamics continue with trend discipline. But we have come to the resistance that it has come to four times before and downshifted or neutralized. When it comes to 2390 - 2360, gold stops and waits in this region, in the horizontal channel. It says to Iran, if you are going to retaliate, do it, I am waiting for your retaliation, to pass 2390. It says do it, let me see the power of the retaliation, it says. It says let me see if you will do it in a higher tone than expected, if you will pass 2390. Or will you see friends in shopping, drop two bombs and close the topic? He is waiting for this, saying will I fix it. The result is that the general upward trend above the 2360 - 2380 pivot support zone continues. Here, the 2492 level is an important pivot resistance for the upward movement above this movement to accelerate towards 2598 - 2699 with terms such as momentum, acceleration, appetite, gear increase.

So now I have a position, it came to 2492 and stopped, what should we do? What to do here is to manage the direction perception upwards unless the support zone that has been followed for a certain time is broken. But it is useful to be careful when taking a new position unless 2492 is passed. Because if it passes from a level close to a level that has 3 top resistances, making a cost to the investor, that is, if 2492 passes, it may make him say, "I'm glad I bought it" and it may also cause a loss of 100 dollars towards 2360. What to do here is to read the ounce gold that continues to stay above 2360 - 2380 as the position weight or the target of 2598 continues depending on whether it can exceed 2492 or not. Below 2360, the picture and psychology in gold will be completely disrupted. It is not an expectation at the moment, but investors should not forget that when something breaks, when it is too late, there is a perception like this in the investor. Oh, never mind, let it fall, it will return anyway. Of course, it will return from somewhere, but trend discipline says let's keep the risk of a downward turn in the ounce below 2360 - 2380 aside as a plan B and risk analysis. I am not saying this because I expected it, I said it in terms of risk management.

If you look at the weekly chart of Bitcoin, there is a sword-like bar last week. The highest of this bar is the 8-week moving average last week, and the lowest is the 55-week moving average. In other words, the highest points are where the tail is tested. The price is trapped at 55 below and 8 above. Therefore, if I read Bitcoin with a position discipline, 49100 - 61500, that is, the area between the 8-week and 55-week moving average, 49100 - 61500 is the flat area. In other words, the pistons of the car work here. In other words, if you have trading experience that can move in both directions, there is a discipline such as come as you approach 49 and give as you approach 61. Therefore, I continue to read the 49100 - 61500 area as a relatively flat and a balance-seeking area in Bitcoin. 49100 is an important support in this sense. In the event of a break of 49100, we may receive a new double selling pressure towards the 89-week moving average and our previously working trend support area of ​​37000 - 38000.

Therefore, there is an important short-term support in Bitcoin at 49100. At 40000, there is trend support for the movement from 15000. So if 40000 is broken, this place goes to the point of oh no. Unless 40000 is broken, 49100 intermediate support, 40000 main support and relatively reasonable stop below it can be followed as an important trend support area with the discipline of putting a stop. The pressure is over in Bitcoin, from the flat line, that is, the untraded line, to 69000 and - or above, because the stop will be in our lives. In the closing above 61500, for example, the 69000 discipline will be triggered by putting a stop on multiple hourly closings below a price area such as 60500 - 60000. In other words, I will not waste time by entering between 61500 - 49100 unless there is a closing above 61500 in this chart. The fact that there is still no weekly closing below 57500 is relatively positive, but for the Bitcoin comeback story, it starts when it passes 78000.

According to the weekly Nasdaq chart, we have reached the Fibonacci 1.618 of the 16700 - 10400 decline. When all brokerage houses and banks in America reached 10600 in the American stock exchanges at 10400 - 10600, a 20% decline in indices was expected in America and there would be a recession. Wasn't there a recession risk until the 16700 - 10400 decline reached the 20682 golden ratio level? You know, there was a recession and it reached 1.618, they made people buy shorts everywhere by saying recession. People are already over inexorably. Did the recession resurface after it reached 1.618, the real issue is the price. We put a needle on the trend coming from 15000 with its 55-week moving average and returned to the trend from 1.618. The 20682 to 16100 region is the region where they lull you into recession and liquidate your shorts. They came here swallowing you whole. You are being given another injection with the risk of a new recession. Now wake up and stick to technical analysis, that is, the flat region, the wait and see region. Being a fierce bear here will not benefit anyone.

If you are going to be a bear, you need to give a position and short when 1.618 is seen or you need to wait. But we have put a needle in the trend. Now, in order for a new bear wave to start here, 17100 - 16048 must be broken so that we can say that the trend towards 14300 in Nasdaq has been broken, and the bear attack in Nasdaq will remain more active. Otherwise, the 20682 - 16045 region is the relative short-term correction of the movement from 10500 to 20600 in Nasdaq, and the medium-term trend continuation stay calm region. I will trade this chart long if it passes 19300 and - or 20680. Unless 19300 or 20680 is passed, the 19300 - 17000 band is a wait and see zone.

The volatility we experienced in the American stock markets last week will decrease relatively. It may be an overly risky and overly optimistic perspective to say that the bottom of the needle we saw last week, the 55-week moving average, will not be seen again until 19300 - 20680 is passed. In other words, risk should be kept aside. Even if it goes down to 14300, Nasdaq's target is 27017. This is a strategic expectation. We have included trading discipline in our notes and transaction discipline with the passing of 19300 and - or 20680. Unless these points are passed, I would not say that the correction towards the 27017 target in America is over.

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.