04.02.2026 16:54
Islam Memiş, who made evaluations regarding gold prices, stated that 5,080 dollars is a critical resistance for gold per ounce, and if this level is surpassed, 5,200 dollars could be targeted. Memiş emphasized that the potential intervention of the U.S. in Iran and the expected statement from Trump would be decisive for the markets.
After the record highs in the gold market, sharp declines have been replaced by a rise again. Gold, which showed signs of recovery yesterday, started the new day with an increase. While the ounce of gold has risen above the 5,000 dollar level again, investors' eyes are turned to potential developments in the markets in the coming days.
ISLAM MEMIS EMPHASIZES "MANIPULATION"
Islam Memiş, a Financial Analyst who made evaluations on the live broadcast of Haber Global, emphasized that there is still an intense manipulation process behind the movements in gold and silver prices. Memiş stated that the sharp declines and increases in the markets have not yet come to an end, saying, "The manipulation market continues. As we stated yesterday, this process may last between 1 week and 10 days."
CRITICAL LEVELS IN OUNCE GOLD
Memiş marked the 5,080 dollar level as a critical resistance for ounce gold, stating that prices are currently hovering around 5,065 dollars. He noted that if this level is broken upwards, the 5,200 dollar level could come into play, expressing that the potential intervention of the U.S. in Iran is being closely monitored in pricing. Memiş said, "A statement from Trump is expected within the next 48 hours. This issue could be used as an excuse for the markets."
IF TENSION FALLS...
However, Memiş indicated that in the event of a possible reconciliation or a decrease in tension, the 4,800 dollar level could re-emerge as support for ounce gold, noting that they expect a fluctuating trend in the short term between the 4,800 – 5,200 dollar band.
UPWARD TREND IN SILVER CONTINUES
Islam Memiş also touched on silver prices, reminding that silver, which fell to 71 dollars on Monday, has recovered to the 87 dollar level. He stated that investors who viewed this decline as a buying opportunity made a correct move, emphasizing that the 95 dollar level is an important resistance in upward movements in silver.
* This is not an investment advice.