Gold and Money Markets Specialist İslam Memiş, who had predicted the sharp fall wave experienced in the past days, made new assessments about the market. cryptocoin.com What does the expert, whose analysis we share, say now? Here are the details…
Islam Memiş commented on gold and dollar
Gold and dollar, which fell sharply as a result of President Erdogan’s statements in the past days, are on the radar of many people. The gram gold, which started the week with more than 1,000 lira and the dollar, which saw 18 lira, is currently traded at 630 and 10.99 lira, respectively. According to Islam Memiş, the psychological support point for the dollar is 10 TL. He states that his personal estimate is 9.65 TL at the end of the year and he still maintains this estimate. Mentioning the sharp decline in the Euro, Memiş said that the sharp decreases in exchange rates can be evaluated for a 50 percent buying position.
Stating that he sees the 630-650 TL levels as a buying opportunity, Memiş states that the upward trend is also dominant in ounces because the dollar rate is still high. So, what should investors do now? Saying that he thinks that those who buy dollars from 18 liras are not at a loss at the moment, Memiş said, “How much is it now, 11 TL. Does your property stay here? According to me, you did no harm, your property is in the middle,” he says.
Pointing out that the current 600 lira gram gold was 450 lira last year, and it has increased to 1,000 lira in the past days, Memiş stated that it is important to “make 30 grams of gold, which was 20 grams last year”. “This is the market. Everything falls apart in a week. There will be an attack, those who are depressed today will have a feast tomorrow, but let’s not celebrate with money, let’s not lose our health for money.”
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