In December, Turkish markets experienced an incredible fluctuation. The Dollar/TL rate, which went over 18 with the excessive depreciation of the Turkish Lira, experienced a shocking decline in the process supported by the Central Bank with intense foreign exchange sales on the night President Recep Tayyip Erdoğan announced the Currency Protected Deposit product, and last week it fell below 11 closed. While the ounce gold price was around 1.800 dollars, the gram gold price priced in dollars decreased from over 1,000 TL to 630 TL due to the overvaluation of TL. Now, while gold investors are eagerly awaiting what will happen in the markets, the forecasts of the two investment firms cryptocoin.com compiled for our readers.
What will the gold price be?
Saying, “After the technical dip under ounce, we can say that the rise continues despite the strong image in the US data announced yesterday, albeit limited,” said Ahlatcı Yatirim. states that it is possible.
Particularly, the pullback on the currency side caused the test of 594 TL levels under gram on Friday. The investment firm emphasizes that while pricing above $1,800 per ounce continues, the rises will remain limited, and the volatility that may occur in the exchange rate due to the Christmas holiday will be decisive under grams next week:
Gram gold, which is closed to trading on the FX side today, may create a similar expectation for 600-650 TL gram gold in case of a possible bottom in the 10-11 TL band in the exchange rate.
Gold ounce prices completed the day with rising after the resistance of 1,800 was passed. According to Anadolu Investment, a breakout was expected due to the convergence of important averages for a while, and this breakout was realized after the $1,800 resistance was passed on the upside. The investment firm draws attention to the following technical levels:
If the intermediate resistance below $1,830 is crossed, it can be followed as a target of 1,860. Down front 1.800 – 1.790 support levels.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.