There was a correction in gold on Friday that could be called good and strong. This correction came to the upper Bollinger band and retreated. The first stage to pay attention to here will be the upper Bollinger band. The upper band points to 2880. The 2870s under 2880 were the point where the last 3 bars were stuck. If the movement here stabilizes in the 2860 - 2880 area in the recent period, we can talk about an upward reaction. After exceeding the 2640s that followed, the price followed upwards without any closing under it. If we start to get a closing under the following here, the correction in gold will be a little more aggressive. In this correction, it can pull us back to our old peak of 2790 in the first stage. If there is a break in the 2860 - 2880 area, if there are daily closings under it, the point we will reach in gold ounce will probably be our old peak of 2790 levels. As long as this is not broken, there is no problem. If there is a breakout and you observe a buying opportunity, I can say that it will be the old peak at 2790. We reached the level of 2940 by working on the short-formed bull flag formation. Since the level of 3000 is psychological resistance, it is subject to small corrections. The 2800 - 2780 region is in the position of short support. These levels are a buying opportunity for short traders, and can be traded with caution in case of a drop below. As long as I do not see a volatile sale of 100 - 150 dollars that fits into a single day, the range of 3400 - 3600 is the target.
Ounce silver stands out as a product that cannot keep up with gold increases but immediately breaks down in declines. We passed the 32.50 resistance but could not close above it. If it cannot quickly take this movement up again, it will open up space to 31.50 again. There is no problem on the spot and long-term side, I maintain my target price of 50+ dollars during the year. As long as it remains above 25 dollars, I meet every decline as a buy.
The troubled, oppressive course continues on the Brent side. Here, it cannot be ignored that Brent prices and oil prices have been the factors that have supported all countries, especially in the fight against inflation. This situation still continues. Therefore, I can also state that no government, no state fighting against inflation actually wants an increase on the Brent side. I can state that the support point that should be paid special attention to here is the 74 - 74.5 levels. If we break it, there will be a possibility that the movement here will retreat to the 71 - 70 band. Let's pay special attention to this, those who trade on the Brent oil side. We need clear closings above 76, so that the movement can be supported upwards again towards the 77 - 79 band. As long as we do not see this, that is, as long as the reactions do not cause a closing above 76, it can be expected that the selling pressure on the Brent oil side will continue downwards. If the 74 - 74.50 band is broken, the downward pressure may accelerate. Let's also pay attention to this. I continue to meet every sharp and sudden exit as a sale. The medium-term target price is $60 and below. Every exit continues to be a selling opportunity.
There is actually a clear band in Bitcoin. Below $91,000 and above $107,000, when we look at the last weeks, especially when we look at the last two weeks, we see that it has narrowed even more between the $94,000 and $100,000 band, and the saw band has narrowed even more. If we see closings below 96,000 in the short term, we can watch a pullback to $94,000 again and then to $91,000. If 91,000 is broken, there will be a rapid pullback to the levels of 87,000 - 80,000. In this respect, I can say that it is useful to pay special attention to 91,000, which has been the bottom in the movements we have experienced since mid-November, especially in the 91,000 region. As long as $107,000 is not exceeded here, we cannot talk about a new upward movement. At the top, especially when we come to this side, if we have positions, I think it is useful to move in the direction of realization. They technically broke all formations in Bitcoin dominance (sometimes they do). It is necessary to look at the monthly basis for net return. If we can close the month below 58, serious movements will start next month. However, the main support level is 55, when it is broken, every sector in the market will rise.
Serious despair prevails in the market and liquidations continue. We are technically here for a while (2100 - 2700) in Ethereum. My maximum expectation is 1 - 2 weeks, in fact, a movement may start at any moment. Such horizontality can start serious demand in a place. 3100 should be passed clearly for relief. After that, 4100 is the main resistance.
We finally said goodbye to the rising channel in Dxy. They pushed everyone very hard in technical terms. The exits up to 108 are technically a sales correction. Our intermediate short target is 103. Below that level, we will call $100 and $95.
In Nasdaq, the increases will continue above the 21500 level in the short term up to the 22500 and 22800 range. Although the increases are zigzagging in the short term, the possibility of 25000 and 27000 is still on my agenda. The main support has now reached the 20000 level. As long as this is not broken, all decreases will continue to remain as buy.
Us2000 is technically very squeezed. There is a news expectation, if it is positive, the price may suddenly jump by 100 - 200 points. As long as we stay above 2100 technically, 2800 - 3000 is the target.
The cheap euro dynamics benefited the dax index and we continue in the form of ath after ath. My expectation was after a bit of horizontality, but they took it directly up. Since there is no resistance that can be specified in front of it anymore, all those who turn from here and fall from here will continue to disappear. As long as it remains above 21800 in technical terms, short corrections will continue to be bought.
158.50 was not permanently passed in Usd-Jpy. Both interest rate hikes and political talks continue to affect this place. Technically, we still have space up to 140 and 130.
Eur-Usd approached the 1.05 level and we are waiting. If it can permanently pass, we will talk about the 1.08 - 1.09 levels again. If we cannot pass, it will visit the 1.0350 level for another round below.
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