Gram gold continues to change hands at high levels. According to the latest data, the precious metal has a selling price of 787.2 liras. An ounce of gold is worth $1,783. While the precious metal hasn’t changed much in recent days, investors are wondering where the next direction will be. cryptocoin.com We share the analyzes of 3 experts…
Experts gave the levels to follow for gold
First of all, economist Haluk Özdil, who shared a warning for those who invest in gold, made a comparison about the safe-haven status of gold and the dollar, and said that “gold does not fall like a missile like the dollar, it does not fall.” Saying that there are unreal golds, he said, “I warn you, we cannot eat gold and dollars with ayran. Agriculture is very important for a country,” he said.
On the other hand, QNB Finansinvest analysts drew attention to the sideways price movement in the ounce and noted that the precious metal is waiting for the US Federal Reserve (FED) meeting that will take place on December 14-15. According to analysts, if the support is below $ 1,770, the next level of support will be $ 1,750. Other points that analysts highlighted as “important levels” were the $1,800 and $1,825 resistance levels. In his comments on gold, it was stated that “gold is very close to peaks due to the increase in currency wolves”. While 760 and 742 lira were pointed as support levels, 792 lira point was shown as resistance.
Ikon Menkul states that gold continues to hover in the short-term bullish zone from $1,680. According to analysts, the price staying below the $1,795 resistance indicates continued pressure. It is noted that if the precious metal breaks $1,795, the pressure may ease. According to analysts, support is at $1,765, $1,748 and $1,722, while resistances are at $1,795, $1,810 and $1,832.
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