Starting the week with a serious rise, gram gold is moving more calmly at the end of the week. While the uncertainty in the markets directs the investors to gold grams, the comments of the experts on the precious metal are gaining in value. Tunç Şatıroğlu was the latest to share his comments on gold. Cryptocoin. com
As , we convey the forecasts of the economist…
Tunç Şatıroğlu drew attention to these for the gram gold price
According to expert Tunç Şatıroğlu, the most critical development in the market, which also affects gold prices, continues to be the changes in the dollar. After this week’s intense volatility, “the shape of business will become clear from next week,” according to the analyst. Pointing to the decline of gold from 1,000 lira to 667 lira, Şatıroğlu states that the decline continues and signs of stagnation are coming. He explains that he expects a slight acceleration, although there is no sharp rise from the recession.
Drawing attention to the importance of 642 liras under gram, Şatıroğlu states that a “buy opportunity” can be seen if the rise in ounce begins and horizontal movements are observed in the dollar rate. Thus, he says, “Those who have Turkish lira will be able to consider buying grams of gold if they do not want to invest money in interest.” In addition, according to the analyst, if the dollar declines, there may be a pullback towards 600 lira.
Switching to the ounce gold price forecast, Şatıroğlu mentions that the moving average is “giving good signs” when looking at the technical analysis. According to the analyst, who stated that if the day is closed above $ 1,805, the rise may have started. He states that after these levels, the next target can go up to $ 1, 960. Finally, he says that considering factors such as the Omicron variant and the FED’s rate hike, a rally may occur, but a definite date cannot be given at the moment.