Gold and Money Markets Specialist İslam Memiş announced his latest forecasts for the market. Memiş’s comments covered the areas of gold, dollar and Bitcoin. The expert also drew attention to two processes, May and July. Here are the details…
A new gold interpretation came from Islam Memiş
Islam Memiş warned investors and those who pay in dollars, saying “the next 2 weeks is the last opportunity to buy”. He stated that there are only 2 weeks left for those who have not purchased gold so far. “They didn’t like 600, they bought it from 800. Those who don’t like 880 will have to buy from 1,000. Whoever plays will lose, whoever owns it wins,” he drew attention to long-term investment, not trading.
The expert states that the dollar will rise to 20 liras in July. Explaining that there is a pressure on the dollar rate, Memiş says that an upward trend may start in May at the current 14.66 level. In July, he states that he expects higher figures after the summit last year. As Cryptokoin.com has previously reported, the dollar suddenly rose to 18 liras in the last weeks of 2021. Meanwhile, gram gold had exceeded 1,000 liras. After this, as Islam Memiş predicted, there was a sharp decline.
Expert: There will be sharp rises
Islam Memiş noted that a sharp global pricing will be seen in grams in May. Stating that he is following the 920-940 lira range under gram, Memiş stated that downward pressures may create a buying opportunity. The expert reiterated that he thinks that the procurement process should be completed in April. “As in mid-May, there may be a harsh pricing in global markets. Therefore, until this recession risk, the buy position should be finished,” he said.
He says that as of July, gold will exceed the 1,000 lira threshold, and it may rise to the levels of 1,100, then 1,200 and 1,400 liras. He states that 1,200 liras can be seen in July, and then 1,450 liras. For Bitcoin, he says his target is $52,000. He states that a peak is expected in June and July.
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