Gold investors, pay attention to the next 3 days! Economist Baydar gave the figures

Milliyet.com.tr/ÖZEL Evaluating all the curiosities about the subject to milliyet.com.tr, 3rd Eye Consultancy Founder Hikmet Baydar made the following statements: “The fact that gold has moved horizontally does not mean that these levels are support. On the contrary, if it stays at these levels for a few more days, medium-term signals will point to the downward direction. Then we can see the sales of those who adjusted their positions with technical analysis.

WILL RISKS IN THE GLOBAL MARKET END IN THE NEAR TERM?

The tension of the increasing trade wars and most importantly the concern that customs tariffs could increase gold prices in the US has led to a significant increase in gold demand in the US. It is possible that this tension will decrease over time as the tariffs become clearer and the impact of customs tariffs on prices is seen. However, the decrease in expectations regarding interest rate cuts due to the understanding that tariffs create inflationary pressures is allowing more serious problems to emerge in the future. Therefore, we think that global risks will change over time and create more negative effects.

A FIGURE HAS BEEN GIVEN FOR GRAM GOLD! PAY ATTENTION TO THE NEXT 3 DAYS

If the ounce of gold moves sideways and does not cause a new upward movement in the short term, the risk of profit realization from a technical perspective will increase.

In this case, gram gold may also face the risk of easing parallel to the ounce gold price. For now, since upward signals continue, 3508 TL can be seen as the target. The 3401 TL level is support, and we should not forget that if there is no upward movement in prices in the next 3 days, this support can be tested.

WILL THERE BE A DECLINE IN THE CIRCLE OF A HARD RISE?

There is an increased risk of developments that could cause a price drop for gold in 2025. One of these is the end of the Russia-Ukraine war and the easing of sanctions, which could lead to a decline in gold prices as they reduce geopolitical risks.

Another one, which is clearly seen with the latest data, is that the US is facing an inflationary risk. That is the customs tariff. If US inflation moves upwards, interest rate cuts may not occur in the coming period. In this case, gold may sell. In addition, due to gold’s safe haven feature, central banks are likely to buy during declines. That is why we had said in our previous comments on milliyet.com.tr that ‘we may have entered a volatile period’. Let’s not forget that there are institutions that have revised their ounce gold target to $3,100. The only reason for this is that gold is still seen as a safe haven.”