Selcoin alias analyst Selcoin, known for his comments on the crypto market, shared his predictions for Dollar/TL and gram gold prices. Drawing attention to the inflation data to be announced on June 3, the analyst points to the movement in the Dollar/TL leg for the gram gold price.
“Friday’s data will be the trigger to push up grams of gold”
Saying, “Friday’s closings are very important,” based on the announcement of the inflation data, the analyst made a new decision in case the weekly resistance is overcome. states that a trend may start where we can see the peak movement. The analyst makes the following assessment:
Weekly closings last Friday were below these resistance levels. It still continues to move close to the resistance levels. Therefore, the inflation data to be released on Friday will be the most important news feed of this week. It will be a trigger to push the gold price up.
Analyst’s estimations for gram gold price
As you can follow from cryptokoin.com news, gram gold ounce There is fluctuation between $1,820 and $1,860 on the leg. However, the Dollar/TL leg was suppressed under 15 TL for a while with the interventions of the CBRT. On the other hand, this threshold has been exceeded in recent weeks and the exchange rate has reached the level of 16.40 TL. Stating that the critical area in Dollar/TL is 16.44 TL, the analyst says that when the inflation data comes in, if weekly closes come over this level, a wick movement that will start over 17 TL can be seen. The analyst makes the following predictions:
Gram gold has a pricing that does not come from the ounce leg. There is a small move here when it comes to the 1.000 TL band. Those waiting for 910 TL will not get that opportunity. But I wouldn’t expect it to drop below 945 TL in the new formation. Breakdown in this region can start the 1.000 TL movement.
“Gram gold safe haven”
According to the analyst, the Central Bank will have exchange rates, but if the Dollar/TL moves gram gold price will rise. The analyst states that gram gold is a safe haven and makes the following comments for Dollar/TL against the stagnation under ounce:
If the Dollar index (DXY) encounters a reaction, it will follow a route up to 96 levels. If this happens, the market will breathe a sigh of relief. We will talk about the falls in the summer.”
