We are entering a very critical week for the markets.

My current technical levels and fundamental expectations by asset class:
1. Gold and Silver: "Inflation and Fed Dilemma"
Precious metals are under pressure due to sticky inflation data from the US and a strong Dollar (DXY) index.
• Gold per ounce: Closed the week around $5100. The psychological $5,000 threshold for gold has been surpassed.
The key support level is $4,900. If the PPI data on Friday comes in "hot," it could push below $4,900.
• Silver per ounce: Showing a weaker trend compared to gold. Staying above $82 is essential for continued upside.
Supports: $80, $76, and $72
• Strategy: Safe haven demand remains alive amid geopolitical risks, but the Fed's possibility of "keeping interest rates high longer" is slowing the rally. Support levels should be monitored for gradual buying.
2. Cryptocurrencies: "Bitcoin Stress Test"
Recently, Bitcoin and altcoins are experiencing a serious "narrative crisis" and liquidity squeeze.
• Bitcoin (BTC): After losing over 40% from its recent peak, BTC is trying to hold in the $68,000 - $70,000 range. Institutional outflows from ETFs are increasing market pressure. If the $65,000 support breaks, analysts' warnings of a move toward the $58,000 - $60,000 range could materialize.
• Strategy: "Don't panic but manage risk." A weekly close above $74,000 is required for bullish momentum to return.
3. US Stocks (Nasdaq & S&P 500): "Decision Phase"
Signs of fatigue are appearing in tech stocks.
• #SPX500: The $6,865 – $6,900 zone is a decision area. Closing below this zone on a 4-hour basis could deepen selling.
• #Nasdaq: The AI rally seems to have eased. The $24,780 support should be watched.
• Strategy: Whether the US economy can achieve a "soft landing" will become clearer with this week's PMI and PPI data. A short-term correction in stocks could be imminent.
4. Borsa Istanbul (#BIST100): "Post-Record Consolidation"
BIST 100 tested an all-time high of 14,532 last week but was rejected twice at the 14,400 resistance.
• Technical Levels: The index closed the week at 13,934. The main support is at 13,500. As long as it stays above this level, the trend remains upward.
• Sectoral: Banking (AKBNK, ISCTR), and Transportation (THYAO, PGSUS) continue to attract foreign interest, but some consolidation is seen in the index.
• Strategy: Opening new positions before a decisive break of 14,500 with high volume could be risky. Staying in stocks with strong fundamentals that bounce off supports makes sense.