While gold prices continue to rise slightly, investors’ eyes are on the appreciation of the dollar. According to Gold and Money Markets Specialist Islam Memiş, who shared his latest comments on popular investment assets, while the dollar rate continues above 15 lira, various levels are important. Here are the details…
Islam Memiş shared his gold expectations
As we have previously reported asKriptokoin.com , the volatility experienced in the last weeks of 2021, Islam Memiş, who correctly knew that grams of gold over 1,000 liras and dollars over 18 liras would come to an end, shared his new comments on the market. While the expert is talking about the US Federal Reserve’s (FED) rate hike, he implies that this situation caused the rise in the dollar. As it is known, the inverse correlation between the dollar and gold can cause gold to pause or regress when the dollar is on the rise.
The expert states that gram gold is actually over 900 liras recently, but it is shown as 893 liras on some screens. “Especially gram gold is 915 liras, but on the screens it is 893 liras. We would like to point out to our dear viewers that there is not a gram of gold below the level of 900 liras.” If they have determined a roadmap based on the number they see on the screen, they will have made a wrong decision,” he says.
Stating that the crypto money market is adversely affected by the rise in the dollar, similar to gold, the expert states that the declines in this area will not be permanent and that there is an opportunity for long-term investors.
Expert also quoted the dollar forecast
This week, the dollar, which was around 14 for a long time, rose above 15. Sharing his comments on this subject, the expert states that the range he follows for the short term is between 14.8 and 1.53 liras. Recommending that investors follow this range closely, Memiş states that new peaks can be seen in June and July. He says that if it goes below the 15 lira level, this opportunity can be evaluated.
