When looking at the weekly gold ounce chart, we are coming up very strongly after the correction of about 4-5 months in 2000. Especially after the stumping and strengthening in the bars of 2047 in Fibonacci 78.6, a very strong movement had started. The trend continues towards the main target of 3.618 and 4.236, which is the multiple of Fibonacci 2.618. There is no problem with the trend, but if you pay attention, gold stopped despite the tension between Israel and Iran, despite Israel's treacherous attacks and vile attacks on Beirut every night. It got stuck in the daily Fibonacci channel at 2688. Being stuck does not mean it is over, but it means it is tired. It has been neither going nor coming for 2 weeks now. As we have seen from the bars, it wants to rest. The reason for this is; The 8-week moving average is going up. When it breaks from the 8-day moving average, it makes corrections towards 8. We have experienced this in the past, we walked around it here, but we always stayed above it. Therefore, it is now in a horizontal and/or horizontal downward pressure for the moving average to come towards itself. In general, I am not saying that the trend is over and we need to be careful. However, the graph advises us to be controlled until or unless 2688 is exceeded when making new costs. In this sense, I can say that ounces fit in the 2688 and 2610 dollar band. I can say that ounces fit in the 2688 - 2610 band. If it falls below 2610, a swing towards 2588 that will not disrupt the medium-term uptrend and a relative buying opportunity zone pricing may occur. There has never been a close above 2688, and if it does, I can say that the movement towards 2781 will continue.
As long as it stays above 2588, 2781 is the target of ounces, and as long as it stays above 2513, 2947 is the target of ounces. The short-term image below 2610 - 2588 will not be disrupted in the medium term, the short-term image will be disrupted. If 2513 - 2456 is broken, the middle will also be broken. Fibonacci 4.236, which is 2947, will be very big things. Maybe it may remain a peak that it will not be able to pass for many years, if it goes there. It is too early to talk about this now, but 4.236 is looking at me from there, it says remind me, let me remind you, we will look at it in the following months. The importance of this is that 4.236 is the most valuable Fibonaccis in the target spiral. I have been seeing this for years in past charts, I am not saying that pricing above 4.236 will not happen, but if it does, I say Las Vegas. We last saw this in Nvidia. It may, it will spoil, but it is Las Vegas, so it may not be permanent.
A daily chart in silver broke out of the triangle, we passed through and went to Fibonacci 1.272, we returned to approval, we got approval and came back to 1.272. Now it is swinging down again. As a result, we are watching a pricing between Fibonacci and the upper limit of the triangle, above the triangle in the band of 33 and 30.60. In general, the projection that the chart sends us is this; 30.60 support, silver enters the triangle when it closes below 30.60. It starts a new pressure again towards 29.05 - 28. As a result, as long as it remains above 30.60, it may want to make new attempts towards 33.17.
Above 33.17, the medium-term target will continue to be $35, which is the Fibonacci 1.618 target. There is a clear signal in the chart that investors who trade silver upwards should be controlled below 30.60, especially those who make major trades, i.e. short trades. Therefore, as long as it remains above 30.60, a serious short-term pressure may begin towards 32.5 - 33.17, 29 and 28.05 below 30.60. However, if you are wondering what to do if this pressure starts, if you are long, you will be controlled below 30.60 in the sense of stop loss and take profit. If this chart breaks 30.60 towards 29 - 28.08, I will consider this as a long-term opportunity.
I had stated that if 65500 - 68600 are passed in the daily chart in Bitcoin, an uptrend will begin, and unless it is passed, it is useful to refrain from making new costs. 65585 - 68633 is the resistance for Bitcoin to change evolution, shed shells, and transition from caterpillar to butterfly. Currently caterpillar. If 65585 - 68633 is passed, Bitcoin will start from caterpillar to butterfly and trigger the 75000 movement. Although 65585 - 68633 seems to be a short-term resistance and target, there are some signs of weakening in the chart. If you are wondering how we can trade this chart here, with what discipline we can follow, let me explain in two ways. If you are trading inside the long, it will break below 59500 to 57800 - 55600. It may even break down to 54000. Below 59500 is taken as a bear attack sign. If it is going up above 59500, 65585 - 68633 can be disciplined in terms of taking a short-term target profit or continuing to hold.
Now let's trade with a short perspective, that is, I don't believe Bitcoin will exceed 68000. A correction towards 57800 - 55600 by putting a stop on the second day's close above 65585 or the 4-hour close above 68600 is a different assumption. I made 3 different models from this chart. Therefore, I will not take this chart very seriously unless 65585 - 68663 is passed. If there is a decline towards 57800 - 55600, I will question whether to buy there or not. Or if it exceeds 68000, I will buy. But ultimately, I can say that it is in the flat zone. I will set an alarm for 4 hours above 68633 or I will set an alarm for 57800 - 55600, I don't care what they do in between.
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