The expert started his speech with his predictions about the stock market. “Today Borsa Istanbul closed with 7258 points, up 1.26 percent. At first it fell to the 7174 level, then it rose. According to my personal prediction, if a sudden sale comes, we should consider this as a buying opportunity. Foreign investors are also entering the stock market at an increasing rate. We have set a target level of 280 dollars and we will continue to see these levels. Declines can be seen as buying opportunities, but I don't plan to buy above the 7000 level.”
Continuing his explanations about the increasing interest of foreign investors and the target of 280 dollars, the expert said, “After the decline in the stock market, it rose to 410 and the dollar exchange rate also moved above the 27 level. It seems that they want to stay below the 27 level, the pressure continues. In addition, the decline in the dollar-euro parity also affects the value of TL. The dollar index is above 102, which positively affects the dollar exchange rate. I emphasized that investors with dollars should seize this opportunity. We are in a period when the euro tends to fall below 1.10 again.”
“I can say that those who invest in the euro in this range are advantageous. If you have dollars, you should make good use of this period. These opportunities may not be in the future. If you don't want to buy euros, you can turn to ounce gold or silver.”.
“The resistance level for gold is 1985 dollars and the support level seems to be 1935 dollars. Ounce of gold is at $ 1937 and this level can be considered as a suitable point for purchase. We can see the 1920 level, but I think it is more important to buy here to minimize risk. I expect movements above the 2000 level in August. It is important for investors who hold the dollar and want to buy gold to review these opportunities.”.
The expert said, “The negative effects of the dollar's inability to rise above the 27 level were seen under the gram. The range of 1680-1730 lira is important. With the dollar rising to 27.43, gram gold rose to 1738 liras. Now it is expected to decline and 1680 lira is followed as the support level. Gram gold fell below 1700, it seems to be balancing. Keep watching ounce gold, we can see 1750 and 1770 levels in rapid movements. The 1680-1730 band range is still valid. 1730 was seen, now it's time for 1680. At least a 50 percent buying opportunity is here. It may make sense to wait for declines to buy more. We may have to wait a few months to make an exit, waiting for the 1800 level seems to be the most appropriate.’.