The ounce of gold exceeded its peak on Friday. It also closed above its old peak. Here, 2790s are important in the following process, especially because it is the old peak. As long as it does not fall below this level, we can say that we are likely to see an upward movement up to 2860s, that is, up to the Bollinger band. But if 2790 breaks down again, a correction can be mentioned up to the 2740 - 2720 region, and the one following it has risen to 2750s. This will also be important, as long as 2750 is not broken in the short term, the upward movement is still supported. Even if it has fallen below the peak, if 2750 is broken, a horizontal downward pressure saw movement can be expected on the ounce of gold side. There is also a small bowl here, and its target is approximately 3000s in a period of 4 - 5 months. If we see a persistence above 2790s, I can say that it is useful to pay attention to this.
Since Brent oil is one of the items that directly affects inflation, although it does not have as much importance as before, it appears as an instrument that not many people want to increase or make serious increases, and I can say that with every increase, it generally turns into selling pressure from 82. There has been an effort to balance around 76 in recent days. If it settles on 76 again, we are likely to see an upward movement towards the 77 - 79.50 band. But as long as the trace here cannot be passed, that is, as long as 77 cannot be passed, we can continue to feel downward pressure, especially 74.50 and then 73 levels are important supports for us. If 77 cannot be passed in the coming days, we can talk about a pullback towards the levels I mentioned or even $72 as the bottom point on the Brent oil side.
The price in Bitcoin has come back by 5%. The 107000 upper band and 91000 lower band have been sawing in this region for about 2.5 months. As long as 107000 is not broken, selling at 107000 can be considered as buying below and in the 91000 - 95000 band. Here, I can say that it would definitely be useful to consider a stop below 91000. In other words, there is a possibility that this movement will continue in the 91000 - 107000 range for a while. If 91000 is broken, I can say that it would be useful to be cautious and especially careful. In the first stage, it may experience a pullback to 87000 and then to 80000. It is important here, especially in the short term, not to break away from Bollinger. If bars independent of Bollinger start to come, I think it would be really useful to pay attention to the downside on the Bitcoin side.
Ethereum could not even exceed its peak in these movements. In other words, despite Bitcoin rising well above its peak, cryptos continued to be on the side that could not exceed the Ethereum peak when it gave upward margin. Here, especially the 3000s are important support points for us. After the last movement, the support zone has always been formed in the 3000s. If there is an increase in closings below 3000s, it would be beneficial to be cautious here. If there are no closings below 3000s, I can say that the reaction process will increase to 3000s again and then the probability of a movement towards 3600s will increase. If 3000s are broken, the important resistance zone here will be support this time too. Breaking 3000 in Ethereum could bring us to 2670s.
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