Investors turned to gold, which they saw as a safe haven, with the expectation that the banking crisis would push central banks back from aggressive interest rate hikes. Thus, ounce gold prices jumped over 2 thousand dollars. Meanwhile, the Dollar/TL leg of gram gold started to move. On the other hand, gram gold, which increased with the double effect, rose to $ 1,250. Market experts share their predictions for the next move of gold.
Yellow metal, this time will jump!
Evaluating the developments in the gold market, Selcuk Geçer, a market expert, begins his explanations saying that those who want to be rich should invest their money in this. Geçer draws attention to the recent rise in gold prices. From this point of view, the expert says that the gold market has entered a bull trend.
Analysts differ on how gold will move from now on. Some await consolidation, while others argue there is still a long way to go. Selçuk Geçer is among those who think that gold has not peaked yet. The expert says the Federal Reserve’s rate cut move will trigger the real jump for the yellow metal.
The declines are a buying opportunity, the uptrend is not broken!
Another market expert, İslam Memiş, shared his views in the light of the latest developments. Memiş expects a pullback below, but sees it as a buying opportunity. Therefore, he advises investors to evaluate the possible declines in the next week. In this context, the expert makes the following statement:
I think gold will fall in the coming days… We expect a short-term pullback in the coming days. However, the uptrend is not broken, I expect it to rise again.
Ounce and gram gold forecasts from Memiş
cryptocoin.comAs you’ve been following on, the shiny metal has started attracting safe-haven flows for the past two weeks. The latest rally of the yellow metal was triggered by the banking crisis in the US and Europe. Memeiş notes that global uncertainties triggered the rise. The expert states that these developments will gradually end the rate hikes. He says that this will have a positive effect on gold prices. Memiş explains his expectations for grams and ounces of gold as follows and advises investors:
Those who have gold should not rush to exchange it. Because after June, there will be new rises. There may be attacks towards the level of 1.400 or even 1.500 TL for gram gold. The USD/TL rate may rise to the level of 24-25 TL. Also, we expect $2,350 an ounce level. As a result, new records are on the way under grams. Gram gold is open after seeing 1.400 TL.
The horse’s games have already begun: the game is great nephew!
Istanbul Aydın University Faculty Member Ramazan Kurtoğlu dives into the conspiracy theory dimension. According to Kurtoğlu, the gold games have already begun. Therefore, the economist thinks that a reset is coming and argues that it has all the decisions taken. According to Kurtoğlu, the aim is to overthrow the existing banknote system and replace it with a new one. If there is a conspiracy theory, it wouldn’t be without the USA! Kurtoğlu also does not neglect this and claims that the USA wants to take over this system.
If gold breaks the top for the third time, it’s open.
Mert Başaran, who introduces himself as a real estate and investment expert, also shares his views on gold prices. Başaran said, “The historical peak of $2,070 below. He’s seen this place twice. Now it’s coming here for the third time,” he says, first summarizing the current situation and saying that if this level is broken in the third time, the way for gold will open up a lot. Başaran thinks that there is a possibility of a break in the upcoming period.
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