Election mobility under A record was broken under it.
On Wednesday, when investors focused on the US presidential elections, gold prices are closely monitored. Gram gold rose to 524 TL for the first time yesterday. This morning, gram gold is traded at 515 TL. Here are the details ...
Gram gold in the domestic market rose to 524 liras, quarter gold to 855 lira, and Republic gold to 3.474 lira.
In the analysis of Troy Precious Metals, it was pointed out that the whole focus of the markets shifted in this direction hours before the completion of the US elections, it was stated as:
"Gold, on the other hand, has entered the new week by making a start in which it stands out with its positivity before the election.
The markets seem to have begun to buy in the expectation that the Senate and the House of Representatives will simultaneously win the Democrats, as well as Joe Biden's election.
In this scenario, the markets, including gold, are following a positive pricing with the expectation that incentive package decisions will be taken quickly and become law. "
In the statement made by Ahlatcı Yatırım, the following statements were used: While the dollar, which started the week with the rise and economic indicators pointing to a recovery on the Chinese side, limited the upward movements in precious metal, it was followed that the US elections continued with a slightly flat upward trend before the Fed meeting.
While the demand for safe havens was limiting the downward movements in precious metal, it was observed that limited upward movements in Ounce Gold continued with the uncertainty that occurred due to the elections in the USA.
When we examined it technically, it was observed that Ounce Gold continued to be determinant at 1900 Dollars level. In case of continuing downward movements in Ounce Gold with decreasing demand, 1892, 1886 and 1872 levels are important support levels to be followed respectively. In a possible upward move, the resistance levels of 1907, 1915 and 1922 can be followed in the short term.
In the report prepared by Işık Menkul, it was stated as follows: The commodity, which started the new day with a fluctuation with the results of the US election, is now priced close to the 1900 level after fluctuating between 1916-1881.
If we see upward movements later in the day, the resistance levels of 1902, 1906, 1912, 1918 and 1925 can be followed once again. On the other hand, we can follow the support levels of 1888, 1877, 1869, 1864, 1860 and 1855 Dollars, respectively, for the sales movements that can be seen in the commodity.
In the statement made by IKON Menkul, the following statements were used: On the Ounce Gold side, there were moving moments in the minutes of the election results. However, the support and resistances we have been following for a while have not been broken.
Although it touches the 50-day average above, it continues to remain below the average. It will be technically difficult to talk about the upward trend in the yellow metal without providing daily candle closings above this average.