While the gold price showed a slight recovery, Real Estate and Investment Advisor Mert Başaran said that those who invest in gold should wait. Başaran also explained the buying levels and timing, which he considers ideal. cryptocoin.com We convey the details as…
Real Estate and Investment Advisor: Gold investors stay put
While focusing on US inflation data for gold prices, Real Estate and Investment Advisor Mert Başaran said that he thinks gold will decline a little more. He also stated that there is no time for purchase yet. According to the expert’s statement, the squeeze in the ounce price of gold has come to an end, but “even if a good trader knows this, he will not buy it without breaking a certain level”. The expert name says that whichever side of the gold is broken, only then should it be traded.
According to Mert Başaran, gold may experience an upside break and see $2,100 over time. However, after this level, he thinks it makes more sense to buy as the trend has a downside break to $1,860. It is worth noting that at the time of writing, gold is trading at $1,826 an ounce.
Can the gold price see 1,000 lira?
As we have reported before, Mert Başaran said that the price of gram gold could rise to 1,000 liras again. In the last weeks of December 2021, the dollar had risen to 18 lira, and gram gold to over 1,000 lira. Then, with the statement of state officials, both assets were withdrawn. However, Mert Başaran stated that he thinks that gold will see 1,000 liras again.
Pointing to this sharp price increase in the past months, “Gold will see 1000 liras. But now the dollar has become 18, the gold has seen 1000 liras. People couldn’t make a profit, everything became expensive,” he said. He explained that gold should not rise under equal conditions, but at a time when life conditions that people can evaluate are created. At the time of writing, ounce gold was bought at $1.826, while gram gold rose to 800 lira. This week, the focus of investors is US inflation, which will be announced on Thursday. Expectations are for inflation to be 7.3 percent. December inflation was 7 percent.
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