17.02.2026 17:12
Financial analyst İslam Memiş argued that the pullbacks in gold would not be permanent, stating that gold could reach 6,000 dollars per ounce and 8,000 to 9,000 TL per gram; he expressed that queues could form again at jewelers when these levels are broken.
As gold prices started the day with a decline, the question of whether the pullback that began after record levels will continue has become a topic of interest for investors. Financial analyst İslam Memiş, speaking on Haber Global's live broadcast, made noteworthy evaluations regarding the course of gold.
Memiş described the current period as a "manipulation year," recalling the sharp price movements that occurred at the end of January. He stated that fluctuations in gold will continue, expressing that the declines will not be permanent.
"THEY WILL SHOW 6,000 DOLLAR LEVEL"
Indicating that the ounce of gold is around 4,900 dollars, Memiş drew attention to the upcoming talks between the U.S. and Iran in Geneva. He suggested that caution should be exercised regarding potential news of an agreement, arguing that the main trend is upward.
Memiş, who said, "I think they will show the 6,000 dollar level one way or another this year," expressed that he views the pullbacks experienced up to that level as buying opportunities. However, he also emphasized that sharp fluctuations could occur on a weekly and monthly basis during this process.
"WE WILL SEE THE QUEUE AGAIN"
Stating that the gram of gold is at 7,312 TL in the free market, Memiş said that there would be activity in the market if the levels of 8,000 and 9,000 TL are broken during the year.
Memiş, who said, "Whenever the 8,000 TL, 9,000 TL level is broken, we will see queues at jewelers in the Grand Bazaar again," highlighted investor psychology. Reminding that there has been a pullback of about 1,000 lira in gram gold over the last two weeks, Memiş noted that caution should be exercised against the perceptions formed during periods of rise and fall.
"BE CAUTIOUS OF FLUCTUATIONS"
Memiş noted that there could be a stagnation in the 4,800–5,000 dollar band for gold, reiterating that the main trend is upward. However, he pointed out that prices could challenge investors with sharp rises and falls, stating, "It can show 10,000 lira and come down to 8,000, or show 9,000 and come down to 7,000. It is beneficial to be careful against fluctuations."
Expressing that uncertainties continue, Memiş added that investors should focus on long-term strategy and quantity rather than short-term price movements.
* THIS IS NOT AN INVESTMENT ADVICE