Finance analyst İslam Memiş said, “I have concerns” about gram gold and the dollar and made warnings. İslam Memiş, who made statements on his YouTube channel and emphasized that his evaluations were not investment advice, said, “The declines we expected have started, but will they continue? We need to decide on something by the end of this week. Everything written on our agenda this week has come true. There is nothing surprising. Borsa İstanbul is at 9775 points. It had fallen to 9565. I had stated that I would follow the 9400-9800 point range specifically this week. It continues to struggle to hold on above 9750 points. Again, the band range on our agenda is clear, we continue to follow it. There are 9200-10200 breaks below. An index that will linger around here can be followed. Our companions made two gradual purchases. They will finish this job by buying two more gradual purchases as it falls again. Those who do not want to buy continue to wait.”
Memiş continued: The dollar TL exchange rate is at 34.04. Again, I said in my comments on the dollar exchange rate, be careful, there may be an attack. We may see 35 liras all of a sudden. There may be such a manipulation pricing. It is useful to be ready for these shocks. I will explain the reasons for this. I am just sharing my thoughts. If those attacks occur, then I will clearly state why I expect this. Since it did not happen and we have not seen such a move, I will not say it. I am saying it may happen within a week, but.
With the statement of Fed Chairman Powell, the ounce of gold rose to $2532, at $2505, but fell to $2493 yesterday. It tested below $2500. Under $2500, ounces of gold can be purchased gradually. For example, ounces of gold can be purchased with dollars at 2500 gold in 3 moves. However, this purchase needs to be completed by the end of this week, I have concerns. We continue to wait transparently for the band range we follow. $2530 was tested, but $2470 was not tested.
Our warning to gram gold investors was this. Follow the ounce of gold. 2832 liras were seen in gram gold. Gram gold at 2800 – 2810 liras. Gram gold fell to 2798 on the physical side yesterday. 2780 liras is a strong support level. We should make two moves under 2800 in gram gold as well. Those who want to buy by the end of this week should finish their purchases again.
