Shocking assessment about gold! 'It will fall hard'

Gold prices are skyrocketing. While gram gold is at the 3500 lira limit, quarter gold is at 6 thousand lira. A very important warning came from İslam Memiş to those who want to buy gold or sell the gold they have.

Changes in gold and foreign exchange rates affecting domestic and foreign markets are being followed with curiosity. Citizens are researching "What is the price of gram gold, quarter gold, ounce gold today?" from the first hours of the day.

Here is the current gold price table as of the first hours of Sunday, February 23, 2025…

Gram gold selling price: 3,438.07 TL

Quarter gold selling price: 5,822.00 TL

Half gold selling price: 11,645.00 TL

Full gold sales price: 23,054.47 TL

Republic gold sales price: 23,190.00 TL

Gremse gold sales price: 57,888.73 TL

While gold prices have been on the rise for the last week, a very important warning for those who have gold or want to buy gold for the first time came from Gold and Money Markets Expert İslam Memiş. Memiş set a target of 4500 liras per gram of gold for the end of the year and also announced when gold will fall.

Money Markets Expert İslam Memiş warned gold investors in his statements on the news screens and noted the following:

The ounce of gold is at 2,940 liras, and the gram of gold is at 3,552 liras in the free markets. The ounce of gold and gram of gold are still in a horizontal process. Despite this, its strong stance continues. I would like to renew my warnings to investors who will buy gold for the first time to stay away a little more and wait for technical profit sales. Because these levels are not good levels for those who will buy gold for the first time. Technical corrections should be waited for.

We have seen an increase in gold around $400 per ounce and technically it should correct around $200. We may probably see this $200 profit taking in March. And when it drops below $2,800, then we can say that gold is at a level that can be purchased for small investors.

But right now, it is a difficult decision to call gold a buy. Waiting for March is a bit more logical. Of course, our eyes are on the ceasefire news on the Russia-Ukraine side. Also in March, there is the interest rate decision of the US Federal Reserve. Again, we will continue to follow this closely.

There is one thing that is true. There is an ounce of gold at $2,940. There is probably a $3,000 limit above. Let's call it a psychological resistance level. A sharp decline awaits us on the gold side.

4500 LIRA ESTIMATE FOR GRAM GOLD

My expectations for the end of the year on the gram gold side continue. My prediction of 4 thousand-4 thousand 500 on the gram gold side and 3 thousand 50-3 thousand 80 on the ounce gold side continues. Since we are not in the first quarter of the year, we are observing very unhealthy pricing. I mentioned the cryptocurrency gold war in November. They suppressed cryptocurrencies and gave way to gold in the first quarter of the year. They may probably suppress gold and give way to cryptocurrencies again in March.