Gold prices have started to rise as of Tuesday. An ounce of gold is changing hands at $1,780, while gram gold is trading at 783 liras. An analyst commented on ounces and grams of gold. The analyst said that gold has been in a downtrend for a long time. cryptocoin.com We are giving the details as…
Will ounce gold break the downtrend?
According to expert Tunç Şatıroğlu, who first shared his forecasts for one ounce of gold, the precious metal has been in a downward trend for a long time. However, the analyst thinks that this downtrend should be broken and it should turn upward somehow, sharing the expectation that it will rise. According to the analyst, if the Omicron variant that affected the markets had not emerged, it would have been suitable for the expected rally under December.
So, what are the levels to watch under an ounce? According to Şatıroğlu, around $1,766 is the bottom. If there is a close above $1,795-1,800, he thinks a bullish turn could be made. Finally, in his analysis of gold on ounce, he states that if the above mentioned levels are broken, there should be a move towards $1,850.
Should gram gold be bought?
Tunç Şatıroğlu also shared his comments on gram gold. According to the analyst, gram gold continues to rise and seems to rise even higher. Also, “Should I buy grams of gold?” He advises investors to buy. “If you haven’t taken it by this time, you should take it gradually. You shouldn’t think about buying today and making money tomorrow,” he says. Finally, he tells his followers that President Erdogan should be followed constantly for the dollar rate.
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