On the DXY weekly chart, there was a movement with oil towards 113 levels due to the Russia-Ukraine war. The trend from 89 to 113 was broken. Let's pay attention to 100.79 in the short term. Between 99-107, this breakout has roughly 78.6 support points. My personal opinion is that DXY can react to 103-105 levels without breaking 100.79 levels. If it breaks the downtrend here, I will trade long. I will start a short-term uptrend in DXY permanently. If I have to reiterate, there may be an insecure, overly cautious reaction movement from 100.79 levels to 103-105 levels. In the medium term, unless this reaction exceeds 104-105 levels, my personal opinion is that DXY will fall to 98 levels after making the reaction movement.
On the daily chart of ounce gold, the trend support from around 1800 and the 55-day moving average also support each other. It can keep the 2148-1973 breakout above 2021 dollar levels. Here, the investor should pay attention to the shortness of the bar lengths. You should place a stop and move up, but it is better to be cautious. There is no deterioration in the controlled and hypersensitive long trading discipline in terms of trading ounces that remain above 2021's. If it slides below 2021 levels without going to 2081-2110 levels, my goal is a 4-hour or daily closing, if this condition is met, the movement will return to every price trend. If the 2021 levels are broken, there may be a risk of a deepening correction of approximately $ 30-35 per ounce of gold towards the 2008 and 1970 region. What investors will do here is read the 2021 dollar as a pivot point. Let's follow the 2081-2110 levels beyond 2021. I repeat below 2021 levels, a descent towards the 2008-1970 region could be an unexpected deterioration. Investors can manage this unexpected disruption with 4-hour or daily closing discipline in 2021. If it goes up from 2021, the two serious resistances that investors will face are 2081 and 2110 levels. Specifically it will be 2110. As long as it remains above 2008, the long reading continues to be positive, but the risk of $ 30 below 2021 levels must be managed correctly. If it exceeds the 2110 level, my personal opinion is that ounces of gold will not stop at 2148. It continues to spoil up to 2195 levels.
Bitcoin continues to move within the expanding triangle on the daily chart. Since 27500 was broken, the candles have always remained above the 21-week moving average. Bitcoin's reading above $42000 is relatively positive, but it says that the appetite tone should be managed correctly. If this moving average is broken, this time it wants to test the expanding triangle lower region. This means that we can see that there is a downward movement of approximately $ 5000 towards the 39000 - 38000 levels. Here, the investor should stay in a reasonable region. Above 42000 can be relatively positive. Below 42000, bitcoin could correct around $5000 towards the 38000 - 39000 levels. As long as it remains above 42000, 44600 will continue to be the short-term intermediate target. 48500 will continue to be the main target. However, the investor hears the target, he does not want to hear the risk. In order to manage this risk, bitcoin may correct in the short-term technical discipline below 42000, and investors must have a stop-loss discipline in case they encounter a reverse perception in terms of profit and loss. It is up to the investor to make a stop-loss at either the 42000 levels or the 39000 levels. When determining this, the cost should be taken into consideration.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
