While gram gold rose above the 550 lira level, ounce gold could not hold at the level of 1.800 dollars. Meanwhile, Gold and Money Market Specialist İslam Memiş announced his forecasts for gram gold and gave various advice to investors. cryptocoin.com We are reviewing the expert’s comments…
Islam Memiş: These developments increase the gram gold price
According to Islam Memiş, the price of gram gold is affected by developments such as Turkey’s gray list by the FATF, the US Federal Reserve’s interest rate decision, and the increase in the dollar. As a result of these developments, the price of gram gold saw 568 liras and tested the all-time record. Meanwhile, silver and ounces of gold also rose.
However, Memiş pointed out that during this process, investors should not buy high with excitement. He added that he did not see these prices as suitable for foreign exchange or commodity purchases. Then, the realization of profit sales and the resolution of the ambassador crisis pointed out that gram gold experienced a slight decrease with the decline in the dollar exchange rate.
“Dollar prices should be followed”
The analyst suggested that those who want to buy gram gold should follow the dollar. In fact, he said, “Where is the dollar, where is the gram of gold?” The dollar climbed above 9.75 TL earlier this week, then experienced a pullback. According to Memiş, who said that we are at a border point below, resistance in precious metal is at 580 liras and support is at 520 liras.
He recommended that investors should use the staggered buying practice at this point. “Short-term pullbacks are not permanent. Since purchases cannot be made before 520 TL, gradual buying opportunities should be expected.” Finally, he stated that gram gold will rise to 600 liras in 20222, and that it will test 650-670 liras in the first quarter, telling investors to be patient.
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