My Thoughts on Current Markets-79

When I look at the weekly chart of ounce gold, it shifted towards 2021 gold last week grea. However, it was not permanent. As of yesterday, it has moved over to 2021 again. The 2021 - 2058 region is our cautiously optimistic region. So, position weights should be managed correctly until 2058 is passed. Because unless 2058 is passed, 2021 may continue to be under pressure. There is still a weakness in the bars of the last 3 weeks. We have a relatively positive outlook for 2021. But unless 2058 is passed, I think the risk appetite in positions should be kept cautious. Below 2021, the ounce of gold may decline towards 1976. Therefore, we will read 2021 as a pivot. Well, if 2021 breaks and there is a decline towards the 1976-1940s, that would be the opportunity. There is a clear buying opportunity there. There is an opportunity, but now, in a trading discipline towards a region like 1976 - 1940, we cannot say that the short trading discipline has been triggered yet until we see closings below 2021, until we see 2 days of closing. If 2021 breaks, bears towards 1976 - 1940s will be active. Even if 2058 is passed, they will crush the bears towards 2151. The decreases towards the 144-day moving average maintain the general upward discipline with this latest inflationary expectation or similar story. Therefore, the declines that will occur between 1976 and 1940 will be opportunities. However, right now there is no down trade signal yet until we see a second day close under 2021. If 2058 is passed, I read gold strongly up. Until 2058 is passed, the 2021 - 2058 band in gold is not a positional area for me.
We even tested Bitcoin below the $39000 level. There was a recovery from there. When I look at the daily chart, last week it found support in the lower region of the expanding megaphone, which is the lower channel of the expanding triangle. Now it has been on an upward reaction attack since Tuesday last week. Let me give a description here. 39300 - 37700 support zone. As long as it stays above this zone, investors can maintain their relatively optimistic upward reading discipline. The movement from this support at 39300 - 37700 will remain upward towards the 45000 - 46740 region. There's another 1500 to 2000 point margin of $2000 above. It will be very critical whether the movement falling from 49000 to 38000 can pass 46740 or not. If it doesn't pass it drops to 40000. If it passes, the movement past 48900 and towards 51000 - 55000 will continue to evolve upwards by making upward corrections. What we will pay attention to here is this. We will place stops at 39300 and 37700. We will read 46700 - 45000 as a short term upward uptrade. Below 39300 - 37700 they make this chart very bad. Above 39300 - 37700, short term targets of 45000 - 46740 and medium term targets of 51000 - 55000 continue. If 39300 - 37700 is broken, the expanding triangle structure will be disrupted. The expanding megaphone structure breaks down. A period begins in which we will talk about 30000s in Bitcoin. But today, if you ask whether Bitcoin 30000 should be talked about, it should be talked about if 39300 - 37700 is broken. It should not just be talked about, it should also be done. Then don't say he didn't tell you it would hurt a lot.
Great The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.