Gram gold broke the record by exceeding 7 thousand TL level after a 4-month break. While Market Analyst İslam Memiş interpreted the latest movement as a recovery rather than an increase, he warned that a profit sale of 150-200 TL may be seen next week.
“WILL THE RALLY CONTINUE?” IN THE MARKET QUESTION
The rapid movement in gram gold turned investors’ attention back to the gold market.
The most curious topic in the markets was whether the rise would be permanent.
“RECOVERY” COMMENT FROM İSLAM MEMİŞ
Market Analyst İslam Memiş stated that he did not see the last movement as a new upward wave.
Memiş said that there has been a recovery of more than 1100 TL in gram gold and more than 600 dollars in ounce gold in the last month.
“8,157 TL MUST BE EXCEEDED FOR THE REAL INCREASE”
According to İslam Memiş, in order to talk about a real new rise in gold, the peak level seen in January must be exceeded.
The expert stated that if gram gold exceeds the level of 8 thousand 157 TL, a new upward trend can be mentioned.
