The trend towards 19400 - 20000 continues in Nasdaq. But now attention, not fear attention, not avoid Nasdaq attention, keep your feet on the ground. Start questioning position weights slowly now. I wouldn't open a new position right now, I wouldn't give up my current position after seeing a second close below 18000, I would continue to watch. As long as it stays above 18000, I would continue to wait for 19447 - 20093. If it comes to 20000, I would sell 50% of my position and take a profit. As a result, it seems that Nasdaq will continue its main trend towards 19447 - 20093 as long as it stays above 18000. However, due to the inconsistencies with the lower indicator, a correction risk should be controlled. Especially new participants may face the risk of making a cost from the wrong place at closes below 18000. If 18000 is broken in Nasdaq at the closing below 18000, they will fill this area hard towards 17178 - 16200. When you look at it, medium - long term investors will be in profit but traders will lose. Therefore, as long as it stays above 18000, the controlled upward reading towards 19447 - 20093 will continue. I will short trade this chart below 18000 in Nasdaq towards 17178 and 16200. If it drops to 16222, I will put all the goods I sold back.
Nvidia continues on a trend focused on 154.20 short 171.5 medium term targets. If there are declines towards 124.90 - 121.5 without going to 154 and 171, this will be a correction, a confirmation of the trend. The declines towards 124.90 - 121.5 will not strategically remove the 154.20 and 171.5 targets from the radar. I will not trade below 110.5, I will not carry my goods. But as long as it remains above 124.90 - 121.5, the graph also tells us the possibility of a pullback. It may go to 154.20 - 171.5 in terms of process, but I would not say it will go without correction. Corrections may come as it moves away from its 8-week moving average. Here, the investor will pay attention to the following. The 154.70 - 171 target continues above 124.90 - 121.5, if 121.5 is broken, then this technical analysis says, are you in profit or loss, how much risk you can carry, review your position.
An instrument in a trend is not sold, and a falling knife is not caught in a falling trend. But for me, in a fundamental sense, this has become cheap and you can say that I am willing to accept the time cost and start collecting from here. Now there is a really nice rally in gold together with silver. There is a trend in gold and it is strong, above the moving averages but it is slowly entering the extreme. Mac and Triger's mouth started to open in the lower indicator. Unless 2640 is broken for short-term positions and 2577 for medium-term positions, this chart will continue its trend towards 2790 short target 2920 - 3200. 2790 - 2920 - 3230 are the targets in the middle of the dartboard. It is going but we need to keep the risk under control somewhere, there is a trend but it is going parabolic. Unless the 2640 - 2577 support zone is broken, the essence of the matter is 2790 short-term, 2920 and above gold will clearly maintain its target with strong momentum in the upward target scale. The story that technical analysis is criticized the most and investors are the most victimized is this. When the trend ends, love ends. If 2640 and - or maximum 2577 is broken, my personal opinion is that this chart will lie to the right in the 2340 - 2700 band. It does not have to fall, it connects to the horizontal market. You carried it, you won, your time cost is zero here, it turns into trade. You won, you start to give back some of what you earned and you start to encounter time cost. Therefore, as long as the result remains above 2640 - 2577, I do not read this chart as a down trade. But since it turned out to be parabolic, since the angle started to become very sharp, as it approaches 2790, if it goes there without correction, those in your hands will continue unless those places are broken. But as it approaches there, I will think twice about buying.
69800 is very important in Bitcoin, we made contact there. If the 69700 - 69800 and 65500 region is read upwards especially by short-term traders, it should be very controlled. As long as it remains above 65500, it may trigger a momentum that can go to 69800, 73000 and 83000 if 69800 is passed. However, those who trade momentum should be a bit cautious as long as 69800 is not passed. Long traders can also meet 57000 if 65500 is broken below 65500.
We have been wondering about Israel's response to the Iranian attack for a long time. The expected retaliatory attack from Israel has come. The first results of the retaliatory attack seem to be able to remove the pressure on the markets. We are talking about an attack on military targets in a limited area. The fear here was that Iran's energy lines would be hit.
Iran announced that Israel targeted some military points in Tehran, Khuzestan and Ilam provinces and that these attacks were successfully countered with air defense systems. It was reported that military bases in the west and southwest of Iran were targeted in the attacks that took place at night and that Iranian air defense systems responded. After the attacks, explosions were heard in Tehran, and Iranian state television stated that these sounds came from east of Tehran and were caused by missiles from air defense systems. Iran announced that it had closed its airspace until further notice for security reasons. The Iranian Emergency Center reported that there were no injuries in the attacks, while the Israeli army announced that the attacks were completed.
The International Monetary Fund's (IMF) 2024 Global Financial Stability Report is quite striking with its title, 'Steadying the Course: Uncertainty, Artificial Intelligence and Financial Stability'. The report focuses on the theme that global economic activity has started to slow, inflation is on a downward trend and financial conditions are relatively harmonious, especially with major central banks easing their monetary policies. However, it is warned that while these supportive financial conditions reduce short-term risks, they may increase vulnerabilities in the long term and threaten financial stability. The report states that increasing vulnerabilities have become more likely due to ongoing military conflicts and uncertain government policies. The imbalance between uncertainty and market volatility can lead to sudden fluctuations and sharp movements in the markets. The carry trade turbulence that started in Japan in August is shown as an example of these vulnerabilities in the report.
A paradigm shift has been observed in world trade recently. With the increasing introversion after the pandemic, all that is talked about is customs tariffs. Countries' calls for domestic production are increasing. The trade conflict that started between the US and China is seen all over the world. Developing countries are even more negatively affected by this situation because they were the countries that benefited the most from globalization. The high debt seen worldwide is another problem. The report emphasizes that increasing economic uncertainty poses downward risks to global growth and that debts are at higher levels than before the pandemic. Controlling high debt levels will be one of the most important tasks for countries in the coming period.
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.
