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“WE CONTINUE 340-390 LIRA RANGE UNDER MAY GRAM”
As Islam Memiş feels fatigue in gold prices, it is also possible to experience profit sales and correction movements, so they will follow the range of $ 1,520-1,820 in the price of an ounce of gold in May.
Indicating that uncertainty in global economies will continue to follow the broadband range in gold prices, Memiş said: “For the month, the price of gold in ounces can be seen as an opportunity for investors to buy. The price of 1,720 and 1,748 must break to the upside for increases to continue. ” he spoke.
Memiş also made the following evaluations regarding the gram of gold:
“In May, we will continue the range of 340-390 pounds of gold in grams. To continue the increase in the gram of gold, it is necessary to break the 388 pound level up. Gradual purchases may come from 370-360-350 and £ 340 in the gram price. We would like to point out that you should calmly and freshly wait for the decline without panicking. We especially predict the dollar / TL reductions will offer good buying opportunities in grams of gold. “
Noting that weddings were postponed in September, October and November worldwide during the Kovid-19 process, Memiş noted that this situation strengthened the expectation of a decline in gold prices and this process could offer a good buying opportunity .
Memiş noted that the price of the gold gram rose from 291 liras to 379 liras in the first 4 months of 2020, and since it gained 44 liras in April alone, current values are not suitable for purchase.
