Geopolitical risks are causing the upside perception to be maintained on the gold ounce front.
With the escalation of the tension between Russia and Ukraine and the political and geopolitical confrontation of the USA-NATO-EU triangle with Russia, the gold ounce, which developed upward buyer attacks last week, entered the week with a calm course, but both increasing inflation rates and risk aversion tendency. continues to maintain its upward potential in the environment in which it continues. Although it has been partially suppressed by the possible hawkish statements by the Fed, the continuation of pricing above the critical 1800 – 1820 usd band causes the upward perception to remain alive. It is worth emphasizing that the precious metal is in the overbought zone on a daily basis and technically, and partial profit sales may come. However, when evaluated on a fundamental basis, it should be noted that there is a possibility of possible retracements to meet with buyers again. While the 1840 - 1828 supports continue to be up-to-date in the pullbacks, possible purchases from these levels may pave the way for the 1865 and 1878 resistances to be talked about in the market.
Support: 1840 – 1828 – 1815
Resistance: 1865 – 1878 – 1895
2022-02-14 14:47:52
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