Market analyst İslam Memiş stated that the declines in gold prices should not be seen only as a technical correction. Drawing attention to the level of 4 thousand 400 dollars in ounce gold, Memiş said that the level of 7 thousand TL in gram gold could be exceeded in the short term.
UNDER THE EYES WERE TURNED TO CRITICAL RESISTANCE
Market analyst İslam Memiş evaluated the recent movement in gold prices.
Memiş said that the level of 4 thousand 400 dollars per ounce should be watched as critical resistance.
WITHDRAWAL IS NOT JUST A TECHNICAL CORRECTION
According to Memiş, it is not correct to interpret the decline in gold prices as only a technical correction.
The expert stated that the movements in the market are fed by different dynamics.
EXPECTATION OF 5 THOUSAND DOLLARS UNDER AN OUNCE
Reminding that gold experienced sharp fluctuations during the year, Memiş stated that the 5 thousand dollar level per ounce could be retested by the end of the year.
He pointed out that pricing above $4,400 is important in this scenario.
