The gram gold price exceeded 1,000 liras and broke a record. With the rise, investors are wondering what levels will be next. There are also many people who are questioning whether to buy or sell right now. At this point, experts in the markets convey their predictions. One of them was Islam Memiş, Gold and Money Markets Specialist. cryptocoin.com We share the analyst’s comments…
Gold prediction from Islam Memiş: Don’t be fooled
While investors were worried about the sudden rise in the market, Gold and Money Markets expert Islam Memiş made a new yellow metal prediction. Emphasizing the importance of investors protecting their assets, the expert said that it is difficult to set a target under grams due to the uncertainty in our country. Saying that it is costly and difficult to buy precious metal now, Memiş said that precious metal may test new resistance levels in the coming days.
Gold and Money Markets Specialist pointed out that “no economist can make predictions about the movement in the dollar, based on figures”, saying that the rise in the exchange rate also caused an increase in other foreign currencies. However, he stated that he thinks the current situation is not sustainable. According to Islam Memiş, the precaution against the current market should have been taken long ago. For this reason, he recommended to wait at least 1-2 more months, adding that “it is very risky to make a cost after that”. Finally, the expert reminded that citizens should not dream of buying gold for 1,000 lira and selling it for 1,500 lira.
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