İslam Memiş identifies 'level' for buying opportunity in gram gold

Finance analyst İslam Memiş has shared a buying level for gram gold. Having previously said there was a "very good buying opportunity," Memiş stated the following:

"The ounce of gold has retreated to 1810 dollars. This suppression process will continue for two more weeks, but figures below the 1860 level continue to provide buying opportunities. We were expecting 1800 dollars as support. There is a weak recovery in the ounce of gold. We will see the rises when it breaks the 1880 level upwards. We will continue to follow the 1800-1880 range. Every drop in the ounce of gold continues to stand as a buying opportunity. Gold remains below its value and cheap."

"FIGURES BELOW 1700 PROVIDE BUYING OPPORTUNITIES"

"Gram gold is at 1695-1703 liras. These drops are not permanent; they are opportunities. I had said not to expect major drops if you have TL. Since the dollar/TL remains strong domestically, we do not feel the drops in the ounce of gold as much in gram gold. Figures below 1700 for gram gold provide very good buying opportunities and are the last buying opportunities of the year. The week ended without being able to buy gram gold below 1700. Those who bought gram gold below 1700 during the week are quite lucky. There were friends who said they bought it from the bank at 1637 liras. I ask them, well, at what price will you sell it when you need to cash it in? They are buying it back at 1550 liras. It is useful to keep that difference and the selling price in mind when you need it."

News Source: 12punto