Gram gold, which started the week with a serious rise, moves more calmly at the end of the week. While the uncertainty in the markets directs the investors to gold grams, the comments of the experts on the precious metal are gaining in value. Tunç Şatıroğlu was the latest to share his comments on gold. cryptocoin.com We convey the forecasts of the economist…
Tunç Şatıroğlu drew attention to these for the gram gold price.
According to expert Tunç Şatıroğlu, the most critical development in the market, which also affects gold prices, continues to be the changes in the dollar. After this week’s intense volatility, “the shape of business will become clear from next week,” according to the analyst. Pointing to the decline of gold from 1,000 lira to 667 lira, Şatıroğlu states that the decline continues and signs of stagnation are coming. He explains that he expects a slight acceleration, although there is no sharp rise from the recession.
Drawing attention to the importance of 642 liras under gram, Şatıroğlu states that if the rise in ounce begins and horizontal movements are observed in the dollar rate, a “buy opportunity” can be seen. Thus, he says, “Those who have Turkish lira will be able to consider buying grams of gold if they do not want to invest money in interest.” In addition, according to the analyst, if the dollar declines, there may be a pullback towards 600 lira.
Switching to the ounce gold price forecast, Şatıroğlu mentions that the moving average is “giving good signs” when looking at the technical analysis. According to the analyst, who stated that the rise may have started if the day is closed above $ 1,805, if an ounce of gold exceeds $ 1,820 in the new year, the precious metal will continue to rise and make the target price of $ 1,877. He states that after these levels, the next target can go up to $ 1,960. Finally, he says that considering factors such as the Omicron variant and the FED’s rate hike, a rally may take place, but a definite date cannot be given at the moment.
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