Gold has been below the short-term downtrend since reaching around 2146 on the daily chart, where we made a peak towards there. Now when will we get rid of the falling train? Let me explain my if condition once. In other words, when will strong pricing and a serious upward performance begin in gold? When will the discipline begin? Until we see 2 days above 2068 or until we go back to closing above 2068, because we are below the trend and note that the rising trend has not had a very downward deviation for two days, there is not much of a break. But since it is below the short-term trend support, I am a little cautious. What we will do here is; Here, the 55-day moving average worked well as support. Now, in the 2010 to 2068 region, either wait and see if gold is flat or if you are long, pay attention to 2010 gold. If you are short, you should pay attention to 2068. So, between 2010 and 2068, flat is in the waiting region. Here, a long signal with a target of 2080 - 2151 comes above 2068. Or, until we move above 2068, it will be necessary to follow a cautious tone towards the 2010 - 1980 region, with a stop discipline above this. I am a supporter of the fact that the ounce of gold should be managed with some weakness and some caution in the short term until 2068 is passed. If we return to closings above 2068, we can read the gold upwards with a little more optimism and a little more appetite. I will keep on the radar the possibility of a correction in the ounce continuing into 2010 and the 1980s before 2068 is passed. But be careful, the 55-day moving average has worked well in all previous corrections. Therefore, the 2010 level will be a very important support and decision zone for investors who still remain optimistic or are in a long-directed trading discipline.
At 25.20, there is an important resistance zone in silver on the weekly chart, both due to the falling trend and due to Fibonacci. We are experimenting with 25.20s. But when there is no permanence for more than two days, we get pressure. Therefore, it seems that the squeeze we see in silver will continue for a while. It will be expected that the compression period of the narrowing triangle on the weekly chart in the 25.20-22 band will be filled. In this sense, we will read the chart as the 22 - 20.80 region is a gradual buying region and the 25 - 25.5 region is a gradual selling region. No serious efficiency will come from this. According to the chart, there is no story here before 4 - 5 weeks. Therefore, I do not expect it to remain permanently at its pricing below 22. This can be read as a gradual buying direction. There is a significant resistance at 25.20. Unless more than two multiple closes start above 25.20, nothing will come of this. This place performs above 25.20.
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