Euro - dollar parity is at 1.0833 level. Here I will be following the 1.0750 - 1.0850 band range for this week. On Thursday this week, the European euro zone will decide on the euro interest rate. Whether or not there will be an interest rate cut here? I will continue to follow this side closely. But figures below 1.08 continue to offer buying opportunities. Especially since I continue to expect 1.12 for this year, I will continue to see figures below 1.08 as a buying opportunity. That's why I can say that there are good buying opportunities on the euro side this week.
An ounce of gold is at the level of 2334 dollars. The $2350 resistance for this week is tested today. But I am giving you serious warnings on the ounce side. Be careful. Hard sales of $100 - $150 may occur. I stay away by the ounce. It is better to stay away from gold and silver. There may be sharp declines in gold prices, be careful, I had warnings. These warnings are still valid. Again, when we look at the sales of 100 - 150 dollars, there may be a decrease corresponding to 2200 dollars, pay attention to the ounce side. Ounce of gold should be followed today and tomorrow this week.
The ounce price of silver is at $27.66. I won't buy silver this week either. I also expect declines in silver, up to the $2580 level. I expect a decrease of approximately $2 in the ounce price of silver. Therefore, I wait until Monday to buy silver at parity. Therefore, a retreat on the silver side will be inevitable.
Inflation data will be announced in America on Wednesday. This data will be an excuse for the decline of ounces of gold, ounces of silver and assets against the dollar. That's why we need to be ready for declines.
Currently, oil prices started the week with a 1.5% decrease. It is at 89.7 level. We have an oil price that does not want to move too far from the 90 dollar level. I will follow the $88 - $92 range here. But he rose very quickly and can try 86 again from here.
Bitcoin is at $72275. I expect a pullback on this side, up to the $66000 - $66500 level. So I expect a drop around $3000. On the Bitcoin side, the range of 65000 - 70000 dollars remains valid here. I would like to express that Bitcoin investors should maintain their downward expectations for those who invest in this direction this week.
Sterling - dollar parity is currently at 1.2628. Here too, I expect a pullback to the 1.25 level. Those who hold dollars will have a good opportunity to buy euros and sterling this week. Let's summarize briefly. Inflation data will be announced in America on Wednesday this week. The interest rate decision of the euro zone will be announced in Europe on Thursday. Gold and silver prices started the week with an increase, but I expect a sharp sale of $ 100 - 150 per ounce in these increases, and therefore there should be no rush on the silver side of the gold side. I expect a decline in euro-dollar parity and sterling-dollar parity. The strong stance in the dollar index continues again. I expect a decline on the Bitcoin side this week. A geopolitical tension may escalate, perhaps from Iran, perhaps from Russia.
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