11.06.2026 14:41
After breaking records in the first half of the year, the gold market has been under heavy selling pressure for the last four months due to geopolitical tensions and global data. While investors struggle to find direction, Gold and Money Markets Specialist İslam Memiş delivered a noteworthy analysis. Stating that the retreat in gold prices could continue, Memiş declared 2026 a "collection year" and warned those with gold debts and those planning weddings.
Escalating geopolitical risks and uncertainties regarding central banks' interest rate policies in global markets continue to exert severe pressure on precious metals. The gold market, which renewed its historical peaks consecutively in the first months of the year, has entered a breathtaking retreat process over the last four months. As this volatile trend and uncertainty persist in the markets, Gold and Money Markets Expert İslam Memiş, closely followed by investors, made striking statements that will shed light on the future of the markets.
RETREAT IN OUNCE GOLD MAY CONTINUE
İslam Memiş, pointing out that the downward trend in ounce gold has not yet been completed, stated that the selling pressure in the markets remains significant. Warning investors against short-term pullbacks, Memiş indicated technical levels and said: "This downward trend that started last Friday has declined to the $4,020 level. Currently, we are monitoring support levels at $4,050 and $3,950 for ounce gold. However, there are also support levels at $3,880 below, and we will closely track this. Selling pressure may be felt for a while longer."
"2026 IS NOT A YEAR FOR SHORT-TERM GAINS, BUT AN ACCUMULATION YEAR"
The expert, stating that not only in the gold front but also in oil and other commodity markets, patterns have broken, and a broad shift to cash has occurred alongside the stock market, pointed to the calendar year. Emphasizing that investors should not act with expectations of very high short-term gains, Memiş characterized 2026 as an "accumulation year." He added that those taking long-term positions in gold and silver should be patient, and the volatile trend could last until the end of the year.
ATTENTION: THOSE PLANNING WEDDINGS AND THOSE WITH DEBT
İslam Memiş, noting that under normal circumstances gold tends to rise during the summer months and wedding season, but this year there is unusual market activity, addressed those who will purchase physical gold: "There are tremendous opportunities for those planning weddings or those with gold debt. These declines typically do not occur in the summer. It has dropped this much for the first time during the wedding season. I already had warnings for gold investors last month before the season. Now is precisely the accumulation time. Tremendous opportunities have arisen for those who do not want physical gold or have cash on hand."
WHAT SHOULD THOSE HOLDING GOLD AND SILVER DO?
Money Markets Expert Memiş, stating that one should not panic and sell their assets in the current market situation, gave the following advice: "Investors currently holding gold and silver should adopt a 'wait and see' policy during this period. We are going through a highly unpredictable and sensitive process. Therefore, the best course of action is to wait quietly on the sidelines and avoid making hasty decisions."
* THIS IS NOT AN INVESTMENT ADVICE