Will the uptrend continue?

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SHAFAQNA Türkiye – The following statements were included in Ahlatcı Investments’ analysis of gold: “Prices were hovering around $1,970 prior to the release of US ounce growth data, which capped its gains. Immediately after the release of the data, an ounce of gold in the spot market was valued above $1975 and then returned to $1965. The 5-day exponential moving average was valued above $1968. As resistance levels, we will follow the $1980 levels, as well as the $1985 and $1990 levels in the continuation of the upward movement.

GOLD ANALYSIS!

While there was a gradual appreciation of the exchange rate, prices per ounce of gold were between 1955 and 1980 dollars.

Attention! Will the uptrend continue?

The highest price was at 1223 TL in grams of gold, which was affected by movements in ounces. The 5-day exponential moving average continues to hover above $1,209, with sub-gram ounce gains remaining directional. 1220TL will become the main resistance level. Above this level, there will be 1225TL and 1230TL resistance zones. While the 1215 TL support zone follows pullbacks, the 1210 TL and 1200 TL support zones will follow prices below that level.”

DOMESTIC INFLATION DATA WILL BE ANNOUNCED TOMORROW

Attention! Will the uptrend continue?

Info Investment’s market analysis included the following statements: “On Monday, April 3, domestic inflation data will be released by TUIK. Due to the base effect, inflation in Turkey is expected to continue to decline. While an increase of 3% m/m is expected, annual inflation is expected to fall to 51.4% with possible data. We believe that the impact of the earthquake on inflation, which has fallen sharply in recent months due to the base effect, may affect the overall price level in the coming months, depending on the imbalance in supply and demand.”

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