Selçuk Ergin (Selcoin), who performs daily market analysis on the Youtube channel with his accurate predictions, drew attention to the critical process in his recently published video. Profit and loss tips for Selcoin’s critical process, which warns that there may be intervention for bustling markets.
Selcoin, which analyzes the exchange rate on its Youtube channel, assessed the price of the dollar and gold in June. Stating that the safest investment tool is the gold gram, Selcoin drew attention to the intervention and stressed that the investor should be careful in this process. Here is the roadmap of Selcoin, let those who have gold and dollars in hand.
DOLLAR AND SUB CRITICAL PROCESS ENTERED
Pointing to critical pricing in the markets, Selcoin said the FED will enter a traffic jam in September. Selcoin, which gave good news for the ounce of gold, said that the strong pressure on the dollar rate will continue. Emphasizing that the safest port for commodity instruments is gold gram and silver gram, Selcoin said it opened its new doors. “An important threshold is being crossed,” Selcoin said, “Reasonable investment in grams of physical gold. We have entered a process where we need to be ready for a shock below the gram. There was pricing per USD/TL. The price on the six-ounce side hasn’t come in yet. We’re in critical areas ahead of the closes. “Next week will be very important for these commodities,” he said.
NEW PURCHASE LEVEL UNDER GRAM: 940 TL
Pointing to 1000 lira under the gram, Selcoin said that instead of buying opportunities with 900, it is now 940 levels. Assessing the effect on the market of the Central Bank intervention, Selcoin said that this situation will create some easing in the markets. He also pointed out that the attacks would continue after a short period of relaxation. Saying that the 900 levels are now in pullback mode, Selcoin said: “If there is a close at the 1865 level below the ounce, the gram of gold will jump to 1000 TL.”
THE DOLLAR MAY BE FALLING BUT…
Expressing that it expects regressions regarding my dollar index, Selcoin said the dollar index would fall from $101 to $98. Stating that there will be rises below ounces with the dollar’s decline, Selcoin said the dollar will see 17 levels. He claimed that even if the packages, which will be announced by the Central Bank for intervention purposes, ease the rate of the dollar, they will not be able to prevent the dollar from rising to 20 TL towards the end of the summer months. Assessing rising inflation, Selcoin warned of a coup.