Gold prices managed to close the week on a high note after breaking the four-week downtrend and touching the lowest level since January. The recovery in the back half of last week was seen with fears of inflation and recession spiraling out of control. Meanwhile, Gold and Money Markets Specialist İslam Memiş called on investors and said that short-term investors would make a loss. Here are the details…
Gold and Money Markets Expert: The bull market will start again
Islam Memiş called out to investors who sell gold or dollars in the short term and advised them to be careful. He stated that especially those who hold dollars and gold should pay attention to the range of scissors in the markets when buying and selling. Memiş said “don’t sell out of fear and panic” to those who make sudden sales due to the unstable situation in gold and the dollar. On top of that, he recommended that investors take ownership of their assets. Memiş said that the bull market will start and used the following expressions:
The rise of the dollar/TL rate in the free markets until 16.08 was a savior for the gram gold TL price and the gram price of silver. I would like to state that the fluctuations in this weekly process are temporary. There will be a slight regression next week, but I predict a bull market on the ounce side in June
There will be a rise in June
İslam Memiş, June He stated that ounce of gold will rise in . Predicting that there will be moves in June, Memiş thinks that upward movements will begin to be seen in May on the foreign exchange side. As previously reported as Kriptokoin.com , Memiş shared his expectation of an increase in momentum in June and a peak in July, and made a new addition to this. Gold and Money Markets Specialist İslam Memiş, who pointed out that any possible development could change the course of the market, used the following expressions:
There will be a different development in June, there will be a move, the assets will leave themselves down, the downtrend will start, maybe If there is a surprise development, I will step in immediately. Since I don’t have any foresight at the moment, I don’t have any foresight that the declines will start technically.
