I had been targeting 2720 - 2790 for ounce gold since 2620. Last week Thursday - Friday it saw 2785, it came to a horizontal downward pressure with a difference of 5 dollars to the level at 2790. Now let's go back to the weekly chart to show what 2781 is. Now it came to Fibonacci 3.618 with a correction process of approximately 4 - 5 months in this section of the 2080 peak and 1800 decline. By the way, the 3.618 level is not a Fibonacci level, it is 2.618 times. But the ounce of gold has also made a double top at that 2.618 level for now. Now, saying double top does not mean that this place will not be passed, this place will remain a top. But the chart draws a trace like this, I will write 2781 but it can also be read as 2790. Because I have been saying 2790 for weeks. The chart may make horizontal downward oscillations for a while in the 2781 to 2690 region. However, I think this chart will feed the 2830 - 2947 movement by passing 2781. Now I have been saying 2790 for 2 weeks, 2785 was seen, so since 2781 was seen, I removed it from the target scale. Our new target is 2830 short term, 2947 medium term, our new target areas in the scale.
We will only pay attention to this, there may be horizontal or horizontal downward pullbacks caused by the two temporary peaks at 2830 before passing to 2830. In this sense, I will strongly follow the 2690s in terms of support in the ounce of gold. My personal opinion is that before 2781 is passed, 2690 - 2630, especially as it approaches 2630, I think the price will be re-graded and will maintain its upward dynamics towards 2780. It is useful to follow this in this way. Therefore, unless 2680 is broken, the upward trading discipline in gold will not be disrupted. It may want to rest the last 5-week movement to the right side by tilting the graph to the right side only until 2780 is passed. In order for gold to break 2630, if there is positive news from Trump or that trio of committees to end the war between Russia and Ukraine, perhaps 2630s may receive downward pressure. But I do not expect this pressure to be very permanent. If 2630 is broken down, the pressure towards 2580s may continue. But I think this will not be a very permanent pricing in the medium and long term and will be a relative opportunity.
When looking at the weekly silver ounce chart, it is stuck in the 31.60 - 28.80 band. Deviations are pulling the price back into the band. Therefore, 28.80 is the short term, 26.80 and 28.20 are the medium term strong support zones. My personal opinion is that 28.80 - 28.20, in this sense, the downward declines towards 28.80 - 28.20 seem to offer a new opportunity for the next step. Right now, the short term is very tight in the 31.60 - 28.80 band, it is trapped in a place where very serious margins do not come out even when day trading or trading. I think that the prices below 28.80, the 28.20 and 26.80 region are levels that can be an opportunity with my own technical perspective. Unless 28.20 and 28.80 are broken, it will not go towards 31.60 immediately today or tomorrow because it seems like it will be under pressure for a few days. However, if it can balance the 28.80 - 28.20 support again, it may make an attempt towards 31.60.
If Bitcoin does not break the 97700 level, a complex pullback story may occur here. If the 97700 support is not broken, I will apply trading discipline on Bitcoin complex pullback. In the closing below 97700, the probability of complex pullback decreases to default and the game is defensive, that is, below 97700, the game plan towards 94780 - 91100 may require a little defense. Bitcoin, which remains above 97700, has a short-term target of 111100 and a medium-term target of 119600. If 97700 is broken down, I think it would be right to produce some down trade and defensive reflexes in this chart. When you look at it in general, it seems like it will be stuck between 111000 and 95000. In other words, it seems like it will do a framework, a work within the line, and maybe follow the new sentences that the American government, Trump or Elon Musk will say.
Currently, MicroStrategy and institutions, especially corporates, continue to make reserves or stocks in Bitcoin. This therefore supports the expectations in Bitcoin in the medium and long term. Now this is still positive from the fundamental perspective, Trump - Elon Musk supported, here are the institutions or MicroStrategy's stockpiling of Bitcoin is positive from the fundamental perspective. However, here is the technical thing. If 97700 - 94700 is broken, they will correct and reduce this Bitcoin without saying who is buying what, who is stockpiling. Only due to the tilt to the right side of the chart, some volatility may decrease and some power loss may occur.
2934 - 4041 is Ethereum's band, that is, a trendless region or I can call it a horizontal trend. There is no band, that is, a trend, we made 3 peaks at 4041, can this be passed? There will probably be a serious movement in Ethereum when it is passed. If 4041 is passed, we will see a momentum movement towards the 4869 short-term and 5920 medium-term targets. In other words, we will see a movement that is a little more eager, a little more squeezed. However, if we are currently following a transaction towards these targets, this chart will not go until 4041 is passed. Therefore, it seems that Ethereum will remain under pressure in the 4041 and 2934 band. Now that I have written above 4041, let's also look at the technical risk side. A downward decline of approximately 10% to 300 dollars and 12-13% will be seen below 2934 towards 2680.
When looking at the weekly Solana chart, they are carrying the 34-week moving average and 55-week moving average trend like porters. As long as it stays above 179 - 165, it will maintain its dynamics as 260 short-term intermediate target, 327 short-term main target, 414 medium-term target. If 179 - 165 is broken, the market will take back the money in your portfolio from you, because the downtrend begins.
Ethereum is the weakest remaining chart, Solana is strong but it seems like it is waiting for a little more chart, Ripple seems like it is still showing that effort by reaching Fibonacci 1.618 among the three and pricing above it, which is positive in terms of power. But the fact that a chart continues to desire to go up does not mean that the risk is not controlled. Ripple has a Fibonacci 1.618 level at $ 3. It is positive that it has stayed above this for 3 weeks, but since it is very close, I will not make an analysis by pivoting to $ 3. I just wanted to explain this briefly. I will lean the short term to 2.42, there was a war at 2.42, the supply-demand zone, in other words, a war zone between the receivers and transmitters. Here, therefore, a volume has formed, that is 2.42.
Therefore, if I were managing a short-term position, I would say that a correction is coming as a short-term risk in ripple at the closing below 2.42. For the medium term, you can consider 1.80, where the momentum started, as support. The fact that it remains above 2.42, in my opinion, shows that the appetite for ripple continues to seek upward yield discipline. In this sense, as long as it remains above 2.42, there is a potential towards 3.57, and when 3.57 is passed, towards 4.66, not with controlled, cool-headed, spoiled position weights, because it came quickly. Since it came very hard, the potential of 3.57 - 4.66 continues, which will advise that while opening positions slowly, risk management should be done in certain places. If 2.42 is broken, Ripple will correct towards 1.80.
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