The dollar index rose to 104 dollars in international markets this week. On Monday, I stated that the dollar index was at 104 level. This week, my expectation came true.
This week, I drew attention to the 1.08 support level in the euro - dollar parity. It's now below that. Euro - dollar parity at 1.0784 level continues to provide opportunities for medium and long-term investors. I would like to underline that the euro-dollar parity currently remains quite cheap for medium and long-term investors. Predictions regarding the 1.12 - 1.15 level continue.
Ounce gold is at the 2024 dollar level. I specifically stated that I would follow the 2020 dollar support level on Monday. I had warned that there was a desire to recover again after the 2020 dollar level and that investors who could wait until the 2350 dollar level in 2024 could consider these levels as a buying opportunity again or if they did not want to risk, they could buy 50% of the 2020 dollar level. My same thought is valid. I named December as the last tour. This last round took place this week. All our expectations came true. We need to turn these days into opportunities. These are the last round. In the future, we are faced with instruments that will continue their upward movements without giving any opportunity. The one who buys it knows it himself, but this is called the last round. I would like to express that I do not expect another tour after this. I will follow the 2080 resistance again in ounce gold, which is at the 2024 dollar level.
Silver also tested the $25.91 level this week. It also tested the $23.95 level below. It is currently at $24. Silver continues to remain cheap due to the ratio. My target is the $26 level. The $25 level was tested. We saw profit selling again. It will continue its upward movements again.
The decline in oil prices, especially the sharp decline, is a very striking anomaly here. There is a 3.5% sell-off at $74.5. After the meeting of Opec members, oil prices should normally rise after those statements. But we see that there is a decrease in the opposite direction. So there is a problematic pricing here. They are making serious purchases regarding oil stocks. They are making serious preparations. The decline in these prices indicates that there are countries that increase their oil stocks. The decline in oil prices will not be permanent. My guess is that there will be a trend between 80 - 85 dollars in upward movements.
We have seen serious aggressive increases in cryptocurrencies. It is currently at the level of 43986 dollars. The $44000 level was seen. Now we can say that it has settled above the $40000 level. So, my new band range in cryptocurrencies is between 40000 - 45000 dollars on the bitcoin side. But is there any progress in altcoins? If you ask if there is a development in the cryptocurrency market that protects investors and eliminates losses for investors, unfortunately there is not. There is only bitcoin. If altcoins also enter this rise and investors take out their losses, that's okay, but just because bitcoin rises is equal, it does not indicate that altcoins have closed their losses or started to rise.
Sterling - dollar parity is at 1.2590. If you have dollars in your hand and want to exchange sterling and are looking for an opportunity, the level of 1.2590 dollars is a very reasonable pricing on the sterling side.
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