After the sharp decline in gold prices, investors turned their attention to expert comments. Economist Filiz Eryılmaz pointed out the critical 60-day period for gold and silver investors and said that the levels of 4,400 and 4,800 dollars per ounce of gold will be decisive.
After the sharp retreat in gold prices, there was an atmosphere of expectation in the market. Economist Filiz Eryılmaz stated that especially gold and silver investors should pay attention to the next 60-day period.
According to Eryılmaz, simply signing an agreement text may not be enough for a permanent rise in the markets. The real determining factor will be whether the markets will be convinced that a permanent peace environment will be achieved in this process.
“Above $4,800 is needed for real rise”
Drawing attention to critical levels on the ounce gold side, Eryılmaz emphasized that short-term reaction increases do not mean a permanent trend.
Eryılmaz stated that prices above $4,800 per ounce are needed in order to be able to talk about a truly strong rise. According to the expert, while gold is currently far from this level, selling pressure is mainly discussed in the market.
Risk remains below $4,400
In terms of technical outlook, the $4,400 level stands out as the critical threshold for gold prices. Eryılmaz said that as long as the ounce of gold remains below $4,400, the $4,200 and $4,000 levels may continue to be the target.
For this reason, while the first level to be watched for gold investors is $ 4,400, the need to hold on above $ 4,800 for a stronger and more significant upward scenario stands out.
