When looking at the daily gold ounce chart, there have been three peaks since November and each peak is below the previous one. It has been stuck in the 2570 -2721 range for 15 days. Falling peaks are a sign of weakness, a sign of pressure, but rising lows are forming, albeit weak. If the lows were formed below while the highs were falling, I would say that this is clearly a more aggressive pressure and an aggressive risk can continue. But since the horizontal up lows are also coming in an upward direction, there is a squeeze. Here again, there are sags below the 89-day moving average, but it does not want to get out of there downward and get under aggressive downward pressure like here. The result is the 2600 - 2580 range, 2539 is the main strong support position. Now, this pressure coming from the falling highs here, in my personal opinion, may try to move towards the falling trend line coming from the falling highs in a few days as long as it remains above 2600 dollars. As long as it continues to stay above 2600 dollars, we may see an unsafe reaction movement in the ounce towards 2707. An insecure reaction movement means a reaction movement that should be managed in a highly controlled manner in the trading discipline, where the leverage discipline should be managed very correctly, and not with the logic that somehow this place will turn, somehow the ounce will go up strongly, but with the relative, technical falling peak risk that should be managed correctly with position weights in the positions.
As a result, the ounce of gold that continues to stay above 2600 - 2580 may try a specific reaction attack towards 2700s towards 2707. If this reaction attack crosses the trend line coming from the descending peaks, it returns to the trend and becomes aggressive upwards towards 2764s. If it falls below 2600 without passing 2707, it would be a correct trading discipline to leave the reaction trading, i.e. upward trading, in the trading discipline here and read it as the correction deepens towards 2580 - 2530s in a relative sense. The short answer is that as long as it stays above 2600s, we can see a 2707 reaction in the ounce. When it goes to 2700, it would be right to make a decision like continue up or take your profit depending on whether it passes or not. This is my clear short-term comment. In the medium term, reaction attacks will continue as long as it remains above 2600 towards 2700 - 2721. If these pressures pass 2707 - 2721, it will clearly turn from reaction to trend. We will continue to read with appetite on the yield side, we will continue to read with appetite in position discipline. If it falls to 2539 without passing 2707, I would say that a nicely filed graph has appeared in this graph.
When looking at the daily silver ounce graph, it rose from 26 and came to 35 very strongly. If it goes to 35 dollars without correction, I had stated that this is a graph where no new costs should be made and a relative easing position should be managed. Now I say that according to Fibonacci mathematics, which says $35 is technically expensive, 29.60 is weak, so this may work, but don't lean on it too much. As long as it stays above 28.29, that is, include the risk of falling to 28.29 in your plan, if 28.29 is broken, be in stop discipline. As long as this place is not broken, read the pullbacks as relative opportunities. The ounce of silver that continues to stay above 28.29 will maintain the dynamics of 30.68 being the intermediate target and 32.5 being the short-term main target. If we are trying an uptrade discipline towards 30.68 - 32.5, we will accept the temporal carrying cost as long as it stays above 28.29. We will read it with a stop loss discipline in more than two hourly closings or daily closings below 28.29.
Looking at the Bitcoin weekly chart, I worked on two Fibonacci scales from the 69000 - 15000 decline. One is horizontal Fibonacci, horizontal corrections and the other is impulse. Both will encounter significant resistance in the 102000 - 106000 area. We have reached Fibonacci 1.618 of the approximately 2-year downtrend, we have reached the impulse 1 level. We have started to take pressure. It is necessary to be extra sensitive when making new costs in the 92000 - 106000 area. I said that if you have a position, you should follow it in a controlled manner with stop discipline. The movement is currently within the relative correction limits, but now it needs to make a decision, a decision will come from here. Bitcoin has started to suppress the 8-week moving average downwards for the first time since 61000. If there are investors who make costs in the 102000 - 106000 area, I would say they should review their situation. Therefore, those who make costs in the wrong place should accept that there will be a risk for them if the persistence below 94400 continues. This chart starts a huge spoil on 102008 - 106444. The spoil target is 125000 - 141000.
102008 especially above 106444 will be a signal that a new uptrend is starting towards 125000 and 141000. As long as these figures are not exceeded, we need to be careful here, we need to stay calm. As long as it remains above 94400, it may seem like a relative upward movement towards 102000 - 106444 will continue. However, I would like new participants to be controlled against the risk of 83528 unless 102008 - 106444 is exceeded. If you ask me if 83528 is a target right now, if closings start below 94400 today - tomorrow, this will become a serious target. If you ask what to do to take a new position, I would say the train has left unless 102008 and 106444 are exceeded, wait for another train. Summary: Above 102008 - 106444, the movement of 125000 - 141000 starts in bitcoin. Unless 102008 - 106444 is passed, if 94400 continues to pressure today - tomorrow, 83528 is a specific single digit. The possibility of a downward needle throw towards 83528 should be followed carefully.
Ethereum lagged behind bitcoin, more or less Ripple, Solana all made a splash. They all made new peaks to their old peaks, but unfortunately ethereum remained suppressed. I said that if ethereum is going to go up, 4041 should be passed. I said that it should make multiple closings above 4041, be passed and sit on it. It made a combo peak at 78.6 of the 4869 - 900 decline. If ethereum, which will pass 4041, gives me two closings on it, it will target 5923 - 7200. In a transaction discipline, in a confirmed upward transaction discipline, unless 4041 is exceeded, they will not be confirmed targets for carry cost leverage cost correction risks. He gave a break at 4041. Therefore, if a marathon towards 5923 - 7260 will begin, where Ethereum will run like a carrot after Bitcoin, 4041 should be exceeded. If it exceeds the pivot resistance of 4041, 5923 - 7200, unless the 4041 condition is met, the risk of being pressured towards 3130 - 2934 should be followed carefully by Ethereum investors. If the technical net is above 4041, play up, if it is below 4041, there is no trend, there is a band. They work the inside of the band, if you are trading, you do.
Ripple falling below its old peak of 1.97 is a problem. It works like crazy up and down between 1.97 and 2.99. There is a band trade here. But this is what the technique tells us very clearly, if it exceeds 2.99, if the closings start, ripple will set 3.5 - 4.66 as its new target and a spoiled breakout wave will start above 2.99. If it exceeds 2.99, a new trend will start. Everyone should take care of their hands and feet as long as it does not exceed 2.99. The 2.99 and 1.97 band is a decision zone. If 1.97 is broken, ripple suddenly expected threes and fives, while below 1.97, I got spoiled first towards 1.60 and then 1.33, my job is done because I saw 1.618, come on, I'm correcting it now, it says. Pay attention to 1.97, above 1.97 is a controlled uptrend, above 2.99 is an eager uptrend, below 1.97 there will be an aggressive correction because the old peak is broken.
DXY 106 - 99 fall, with the passing of the 55-day moving average and the downtrend, very strong Fibonacci 61.8 - 78.6 at once, waiting and spoiling at the 78.6 resistance below 78.6. In other words, the upward movement continues. When we look at the daily chart from the opposite, the concept we call trend continues. The 106 - 99 fall continues as a downtrend below the 55-day moving average, and as an uptrend when it passes the 55-day moving average upward. As a result, there is a desire to run to 10% as long as it remains above 106.60 - 105.70. Fibonacci 1.618, 109.89, is very critical. If DXY passes 109.89 - 110, let's put it aside that this could put serious pressure on both American markets, Bitcoin and gold. If dxy cracks 106.60 - 105.70 without passing 109.89 or roughly 110, if we see the sound of breaking from there at the close, if we hear the sound of breaking from 106.60 - 105.70, a movement that will ease both gold, Bitcoin and American stock markets will start here. Maybe it won't start until Trump puts on a shirt.
Many things are waiting for Trump to wear a shirt. Trump has paused trading in Bitcoin and American stock exchanges. Now, as long as it remains above 106.60 - 105.70, 110s continue to be the short-term target. The fact that the 106 - 99 decrease of the 110 level is 1.618 leaves us with the trace that we will encounter a very serious bear-bull war in that region. If closings begin above 109.89s, it will continue its trend spoiled towards 112.5 - 116s. If 106.60 and 105.70s are broken before 110 can be passed, dxy will start a short trade, a clear downtrend will begin. Green is above the director indicator below, the directional harmony with the trend is complete, there is also support from the indicator. There is something that is incompatible and that we should be a little careful about. While DXY is renewing its tops, while it is rising, the lower indicator is not renewing its tops, the top in the lower indicator is low. This means that as long as it stays above 105.70, it will continue towards 110. But now, against the risk of another upward spoiling in DXY and an aggressive breakdown before it can break 110, the lower indicator tells those who trade long in DXY that you have been long since 101, be careful about 110, if it breaks 106.60 before it can break 110, I will take back what I gave you.
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.
