Euro-dollar parity maintained its horizontal course at 1.0826 yesterday. It is stuck in the 1.08-1.09 band gap.
An ounce of gold was at 1920 dollars yesterday. Last week, it fell to the level of $ 1890. I have often stated that there are suitable levels for buying, especially in the range of 1900-1800 dollars, and that the probability of making attacks above the 2000 dollar level at the end of the year is very strong. I have the same opinion. Although the 1890 dollar level is tested, we observe that the rises remain weak, even though the response purchases are at the 1920 dollar level. Because the eyes are on the statements of Powell, the head of the US central bank today, and the head of the Fed, Powell, will make important statements today. This will be a development that will affect the dollar index, gold and silver ounce prices. Our eyes for global markets are at the Jackson Hole meeting and Fed Chairman Powell will give an important message to global markets. I continue to follow the 1860-1960 dollar range under an ounce. There may be a process of suppression. However, I will consider any sag below the $1900 level as a buying opportunity. Because my expectation of 2000 dollars for the last quarter of the year still continues.
The ounce price of silver was at $24.19 yesterday. In my previous articles, I mentioned a double rise in the form of 24-26-28 dollars when it regressed to $ 22.20. I still have the same thought. We saw a rapid rise in the ounce price of silver. It rose as high as $24.35 yesterday. A retracement may be possible from here. However, these pullbacks may remain in the short term. We have a silver price that maintains its uptrend.
Unfortunately, the sale of cryptocurrencies still continues. For the past week, crypto investors have been pretty depressed. BTC has 2% depreciation at $26067. I don't think the drops will be permanent. But the process of suppression and manipulation continues. That's why I would like to remind you that those in the crypto money market are also in a process that needs to wait patiently.
My opinions are not investment advice. Please do your own research.
