Let's start the analysis with Germany. Here, they withstood the war to a certain extent, especially after Bollinger gold started to close below the middle band. But when we look at the last 3 days, there is a serious retreat here as well. If closings below 15,000 continue to occur, we are likely to see this movement continue after 14600, up to 14000, and up to the Bollinger lower band. The place where we will start reading positive on the Dax side is if we reach 15200 in the first stage, it means that we have overcome this decline, we will gather strength again and go up. But we need to see clear closings above the Bollinger middle band, especially around 15,400, so that we can say that we got through cheap. Otherwise, I can say that the goals I have stated below will still be valid.
Let's look at Dow Jones, one of the stock markets least affected by this situation, trying to hold on above 33200. If it closes below this level, it has survived the previous retreat here and Bollinger has thrown it on it. But whether he will survive this retreat or not is important. We are also below Bollinger, if we cannot put the reactions above the 34000 - 34200 band, it means that the problem still continues here. Reactions are used as sales opportunities. Already the confusion continues. The horizontal movement continued, and the war became more and more difficult. If 33200 is broken, we can see a movement towards the 32700 - 32200 band on the Dow Jones side.
We could see that Bitcoin has started to move in correlation with gold in such situations under normal circumstances. It was a little late to keep up here, but it's starting to go up. We especially paid attention to 27500, which was broken. I said that if closings begin to occur above this level, we can see ourselves moving towards 30000 again. It tested 30000's at the weekend. If closings continue above 29500, we can see that the movement continues until around 31500 - 32500. But if closings begin to occur again below 29500, some pressure may occur. We can read the chart as saying there may be a correction up to 28500.
In Brent, the return from the Bollinger upper band was tested twice, which we were expecting anyway. I had stated that it could go down from here, and the talk here was always above $100. We saw that the correction was coming until the 82s, and from here we bottomed out and reached the top levels again with the known war news. The first point we will pay particular attention to here is 92. If closings start coming in 92, we will test the 96's 94 - 96 region here for the third time. This is very important, in general, third attempts are always important for us on the technical analysis side. Here, if there is a break in the 94 - 96 region, we can talk about 100 dollars. But if there is no breakout this time, we will find ourselves talking about the possibility of falling sharply to 86 again and reaching the 86 - 82 band.
I have previously drawn attention to the 1810 level in gold. A war may have broken out here, it may have been due to the effects of the war. But when it reaches this level, it usually goes up sharply due to a news effect. Here, the movement it made at the beginning of March is the same as the upward movement it made with the war in the second and first weeks of October. 1810 was important for us and it achieved a 10% margin in the movement that started from here. As of Friday, it has made a total return of 10% on the ounce gold side and is making a similar move. Now it has reached the 2000s and has retreated slightly. If the 2000s cannot be exceeded here and if there are no closings above it, a downward correction will occur. He jumped into the interval between 1935 and 1950 and then tried to establish a balance between 1950 and 1974. If gold can be balanced in the possible retreats between 1974 and 1935, it can regain strength and move towards the 2070 peak. We will pay particular attention to this, but if possible withdrawals start to close below 1934, it probably means that there are positive developments on the war side, and downward pressure will increase here again. Especially here you will pay attention to whether it comes under 1890 - 1914 or not. If not, we think that possible pullbacks below this range can be considered as buying opportunities.
In silver, the 23,700 levels were especially important and they returned from there. The main point we need to follow in withdrawals is 23,200. If silver can stay above these levels, it can gather strength again and move towards the resistance at 23,700 and then 24,500. Especially if 23 dollars is broken, it will be possible to talk about the possibility of a correction here again up to 22.20 levels. We need to pay attention especially to 23700 above, if it is broken, the upward attack may become a little stronger.
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