Euro - Dollar parity is at 1.0591 level. We have seen a pullback here. My target was an increase up to 1.07 level. It decreased from 1,680 levels. We saw a one point drop to 1.0565. It is at 1.0590 level again. Again, I will continue to follow the 1.650 - 1.07 resistance.
The ounce price of gold had a negative outlook this week and I stated that I expected a retreat to the $1930 support level. Today, transactions were made between 1963 and 1987 dollars during the day. Currently, my prediction regarding the 1930 dollar support level of ounce gold at the 1973 dollar level still continues. A comment is needed again when the $1930 support level works. Let's see if $1880 will break below or the $1980 resistance will break upward. I continue to follow here. He does not want to move away from the resistance of the 1980s. Maybe there may be a thought in the mood to show the level above $ 2000 so that the markets can relax. I still maintain my bearish expectations.
The price of silver per ounce is 22.70 dollars, with 1% seller. There is a decline on the ounce side. $22.80 is a strong support level. Let's see if it closes below. Maybe the $22.20 level can be tested, but the positive outlook continues. First, we face resistance at $24 and then $26. I expect a surprise on the silver side very soon. I would like to state that I expect a surprise rise in this direction in the next few weeks.
The situation in oil prices is stable. When the tension in the Gaza region decreased a little more, there was an oil price that fell below the 90 dollar level. It is at $87.37. In other words, it fell back to the 85 - 90 dollar band range. My expectation is the 90 - 95 band again with an upward trend. That's why I don't foresee the declines being permanent. Because uncertainties continue in the region.
There were increases in cryptocurrencies again. There are always increases throughout this week. While there is a 7% - 8% increase in bitcoin, currently there is a 3% increase in bitcoin. It is at the level of 34676 dollars. Be careful with cryptocurrencies. You may see sharp sales of around 5% - 6%. That's why, on the Cryptocurrency side, it needs to be very careful within a week these days. I foresee a sharp sale again in the short term and a sharp rise again. There is such a stalling tactic in cryptocurrencies. There is a certain bandwidth. They will play hard in the $28 - $38000 range, it will stall. Those in this market need to be very sensitive and careful until the end of the year.
Dollar index is at 106 level. Here I expect a decline from 105.50 to $104.50.
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