Gram gold prices are at the level of 445 liras in the following minutes; The ounce price of gold is traded at $ 1860. Here are the gold price analysis of brokerage houses …
Gram gold price of $ 444 level yesterday, while moving the closing time of the Turkey market; He started the new day at the level of 445 TL. The gram price of gold saw the lowest level of 443.86 liras and the highest level of 447.49 liras during the day. The gram price of gold rose by 0.02 percent as of 09.48 and moved at the level of 445.22 liras. In the same minutes, quarter gold is sold for 727 liras and Republic gold is sold for 2 thousand 989 liras.
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The ounce price of gold saw the highest level of 1863 dollars during the day and the lowest level of 1853 dollars. Ounce of gold was traded at $ 1860 with an increase of 0.23 percent in these minutes.
RECOVERY CAN CONTINUE UP TO THE LEVEL 1,875
With the rise in the US ten-year bond interest and the expectations of a recovery in the economies, the hard sales that started from last week were replaced by a recovery trend yesterday and the precious metal closed the day at the level of 1.856 with 0.6% increase. Overall, expectations for additional financial incentives and the ongoing vaccination process, despite the adverse effects, continue to dominate pricing. In this context, there is another pressure on the dollar.
Ounce Gold, which continues to gain strength with the pressure on the dollar, can take up to 1.875 level with the short term technical indicators turning positive. The next close target is at the level of 1.887. On the other hand, a retreat to the level of 1.829 may be experienced in case of possible decreases below the 1.848 support.
INITIAL RESISTANCE FOR THE INDEX 1.862 LEVEL
The precious metal, which starts the day at the level of 1.856, is priced at the levels below. We are watching that the ounce of Gold starts the day with a catch. The first resistance for the index can be followed as the 1.862 level.
Support: 1,853 – 1,849
Resistance: 1.862 – 1.867
ONS GOLD CAN MOVE IN SHORT TERM 1830 – 1885 BAND
With the statements from regional Fed Presidents yesterday, it was observed that some of the gains in the dollar index were erased.
Boston Fed Chairman Eric Rosengren, St. With the effect of the pigeon statements from Louis Fed Chairman James Bullard and Kansas City Fed Chairman Esther George, the dollar index closed the day with a decline from around the 90 level after the last four days of rising. On the other hand, the US 10-year bond interest, which climbed to 1.1870% yesterday evening, turned its direction down towards the Asian session and closed yesterday with a horizontal course at 1.1310% after the last 6-day continuous rise. It was seen that ounce gold prices increased with the removal of some of the gains in the dollar index and the US 10-year bond interest closing relatively horizontally yesterday. It was observed that the ounce of gold, which was traded in the 1837 – 1864 band during the day, completed the day with a limited rise from the level of 1856.
Ounce of gold is trading at the level of 1858.44 this morning. In line with the signals produced by short-term technical indicators, we expect an ounce of gold to move within the 1830 – 1885 band in the short term. Euro Zone November Industrial Production data, US December CPI data, Fed Beige Book Report and speeches of regional Fed Presidents will be followed today.
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