The trend continues on the Dow Jones side. Seems a bit stuck at 38000's. If 38000 wears out it will accelerate again. There is no problem in the short term, especially as long as it does not fall below 37200. But if it falls below, it will want to make a correction up to Bollinger. The reactions up to Bolinger here are okay, as long as it is not exceeded, it is an opportunity to correct it. However, if closing and independent bars are starting to appear above it, it can be read as the beginning of a new rally process. The movement here witnessed the first correction. After the dot touch, there was a serious correction, followed by a rapid single-bar transition and the start of independent bars, which turned into a rally again and a movement of approximately 7% from 36000 to 38000 took place on the Dow Jones side. It is currently resting, there is no problem as long as it does not fall below 37200. I can say that if 38000 levels are broken above, it will continue to be supported in the upward movement.
On the Dax side, especially the 16700s are a very important support point. You can think of this as the support of the Bollinger peak. Likewise, the upward movement in gold continues to be supported after exceeding 15000 and there has been no closing below. The positive trend will continue as long as there is no closing below this.
On the gold side, we have reached the bollinger peak again. The 2040 - 2070 range is a must for us. It is a range that can start moving towards a new peak if we can close above it. But if the time we spend in this range increases and it has difficulty passing the upward 2070s, we may see a retreat towards the 1970 - 2000 region. The important point here is that I can say that the main support level is the 1930s for the following processes. As long as this place is not broken, you can consider this as a clear buy point in case of harsh corrections. Before this, 1970 and 2000 appear as important supports. In 2024, gold can be expected to reach levels around 2400. As long as there are no major changes in policies, interest rate cuts are expected by the FED.
We were especially expecting the 72's in Brent, but after the 82's could not be exceeded, it was 82,500, now it has reached the 82's. We were expecting a retreat towards 72 after it was not exceeded. We saw this, made contact and reacted upwards. However, the action that needs to be taken here is to stay above 78 permanently. If we continue to stay above 78 in the coming days, the probability of seeing a movement of 82 again will increase significantly. Unless there is a close at 82, this is a reaction move. You can watch a retreat towards the 78 - 76 and 72 supports again. When we start to get closures at 82, then we expect a movement towards the 85 - 87 region on the Brent oil side.
There is a movement here in Bitcoin that has not been able to exceed 44600 - 44700 for a long time. We need to pay particular attention to this. When the 44600 - 44700 region is crossed, we can see a long bar up to 47700. Especially the 41000 point below is a very important support point for us. There are 39000's of bollingers under it. Here, it received a sharp upward reaction after lying on Bollinger. Likewise, in a possible correction, the movement on Bollinger must be balanced. If the correction comes, it cannot be balanced in this region and it closes below, we are very likely to see a long-lasting horizontal movement in bitcoin. We usually see this. The movement occurs with an upward break, then a sharp upward trend after a horizontal period of almost 3-4 months. You can examine the same movements in the past as well.
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