When looking at the daily gold ounce chart, the 89-day moving average is working even though it is making violations. In other words, it has a support that passes roughly at $2611, and the 144-day moving average is at $2559. Now this is our support line, the 2559 - 2611 region continues to be a short-medium, not only short-term but also medium-term support region of the chart. The ounce of gold, which continues to stay above 2611 - 2559, wants to come to the second round of the fall at 2686. Since DXY also hit its head on Monday, its appetite for going to 2686 is not as strong as before, it continues in a band trade and cautious trade mode. Therefore, the 2611 intermediate support 2559 gold ounce will be a strong support working region. 2686 will continue to be the short-term target, 2780 medium term, and 2878 long-term targets. Let's pay attention to 2559 in particular for medium and long term targets. As long as it stays above 2559, we can manage our positions with 2780 - 2878, if we manage 2686, that is, if we manage the short term, we can risk manage our positions with 2611. When it goes to 2686, I think the whole story is there. Will it break and continue upwards or will it remain stuck in the 2650 - 2600 area again, this will be very important. Therefore, as long as it stays above 2611, let's read it upwards with the 2686 reaction trading target, but if it goes to 2686 and cannot pass, if we are doing a trade position there, that is, a trader-oriented transaction, let me remind you that it is important that we will have to make a decision about whether to take profit there or continue by pulling the stop up.
When we look at the ounce silver daily chart, we went from 26 dollars to 35. It came to the Fibonacci 61.8 -78.6 of the entire rise. All possible pullbacks towards 28.80 - 28.20 will be followed as a return of the upward movement towards 30.80 and 31.50, as a possibility, in terms of support. I had stated that I would read the pullback towards 28.80 - 28.20 as a buy. It did not drop to 28.20, it turned back from 28.80. It made falling peaks, falling bottoms until it reached the 233-day moving average. It made a double bottom in 15 days. Both the 233-day moving average worked and it went down to the probable buying zone to recover the 61.8 - 78.6 decline and stood from there. The result is 28.20 main support, 28.80 intermediate support line, support zone. As long as it stays above this zone, 31.67 intermediate, 32.90 will continue to be the main target. We will put a stop on the 2-day closing below the 28.20 or 28.80 region for our position discipline. First of all, we manage the risk with this. Our target will be 31.67 - 32.90 above, but do not linger in the 30.26 - 30.30 region without going there, such a thin bear bull war may occur there.
When looking at the daily chart, Bitcoin completed the 101928, which is the 61.8 of the Fibonacci that I threw to the 91530 level, which is the bottom of the last 1-month decline with its historical peak of 108353, by seeing the 102700s. We will need to follow the 55-day moving average as an important support region. I think 93800 is not only important in the short term, but also in the medium term. Now, when you support such a solid place there, when you break it, the scale is disrupted, I think the direction perception of the game is also disrupted. If the Fibonacci 78.6 of the last decline passes, upward game discipline towards 104752 and 112928 - 118749 will be desired. In this sense, 104752 will be an important resistance level in terms of whether the movement it returned from 93500 will be spoiled or whether I will see pressure towards 93000 again. Therefore, whether it passes 104752 or not will add momentum and appetite to the 112928 - 118749 movement. If 104752 is not passed, the movement may enter a delay again towards 96700 - 93800. Whatever you say in this chart, it is not the right perspective to be long disciplined on the second day's closing below 93800. But unless 93800 is broken, if 104752 is passed, the radar and needle will try to stay upwards at 112000 - 118749.
Looking at the weekly chart of Solana, it came back from $ 259 to its 34-day moving average. It showed an upward bounce from the trend support. If we follow an upward trading discipline in Solana, if 171.50 - 157.30 is broken, Solana will fade. The fade target will be 104. Continue unless broken, because the trend continues. As a result, 171.50 is intermediate support, 157.30 is trend support and important support. Solana, which continues to stay above this support zone, seems to maintain its discipline of making 230.08 intermediate, 259.67 the short-term main target. If 157.30 is broken below, it will receive downward pressure towards 125 and 104. If it passes 259.60, since it will enter a new playing field above its previous peak, the spoiling phase called momentum towards 327.86 - 414 will be triggered. So should a position management be made for spoiling as of now? There are two things to consider here. One is that if you can stop below 171.50, I cannot stop below 171.50, if you say that finger stop does not work, then it is too early for you to play spoiling. You can play spoiling above 259.67.
Looking at the DXY weekly chart, the 114.99 drop broke the one that fell at exactly 101.5 - 102. Now the Fibonacci 61.8 of the drop has come to 108.60. They hit from there on Monday. I think a bear slap came to DXY from above 108.50 during the day on Monday. It is now under pressure towards the moving average. Whether 107.2 is broken or not will be important for the direction perception. Because if we break these 107s, the movement may cause a need for a pullback. In the second close under 107.2, the chart turns into a pullback scenario towards 104.60 103.30s and returns to pressure. This feeds Bitcoin, ounce silver, ounce gold. It provides relative comfort to the American stock exchanges. Therefore, 107.2 is an important trend follower level for a movement rising from 99 - 100 or if you are long trading, take profit, stop loss, stop loss point for DXY. If the pressure we received from 108.80 on Monday does not break 107.2, it may make a new upward movement to pass 108.80 again and go towards 111.40. This may pressure gold, silver and bitcoin again towards the lowest levels they saw this week or last week.
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