Gold and money markets expert İslam Memiş evaluated the latest situation in the market. According to the analyst, a decrease may come after the gold price rise. cryptocoin.com We share the analyst’s comments…
Islam Memiş shared his comments about the price of ounce and gram gold
Islam Memiş stated that for a while, everyone was talking about $2,300 an ounce, but there were those who “operated” on gold and bought it at the bottom. Now he says he expects a recovery towards $1,815. At the time of writing, an ounce of gold is changing hands at $1,792. Although the analyst draws attention to $ 1,815, he states that it can also enter a downward trend from here and says that “manipulations will be made”. According to the expert, after the gold price is seen at $ 1,820, the value will be lost and around $ 1,765, 1,747, and $ 1,725 will be seen. Memiş used the following expressions:
They will not pave the way for gold unless they buy gold at the $1,750 level. When it comes to that level, this business will not be limited to gold only. We will see street movements in Europe or the USA. In two weeks at the latest, what I said will come true.
The analyst also warns investors not to make panic purchases. With the gold going over 700 lira per gram, many people may have bought for fear of missing an opportunity. However, according to the analyst, this is a wrong move. The analyst emphasizes that commodities are a buying level. He says he will think that the precious metal is not going down unless gram gold drops to 585 liras. He concludes his analysis by saying, “Those who have not bought a gram of gold, and those who are considering panic buying, should not fall into this trap.”
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