Global Uncertainties Are Rising: Investors Are Turning to Gold

Volatility Continues in Global Markets

As the global financial markets enter the last period of the year, they are facing increasing uncertainty and high volatility. Investors are adopting a more cautious approach as they try to find the right direction in this complex environment. Experts emphasize the importance of focusing on technical data rather than emotional decisions.

Christmas Rally Expectations

The sideways movement in the markets is attracting investors' attention. The S&P 500 index has been moving at a certain level since October, while the stocks of AI-focused companies have also entered a pause phase due to profit realizations. However, the historical performance of December generally presents an encouraging picture for investors. The weak performance of the second week of December raises curiosity among investors about the expected 'Christmas rally' starting around December 16.

Technical Indicators to Watch

Gordon specifically points to the potential 'head and shoulders' formation that may occur in S&P 500 exchange-traded fund (ETF) charts. This formation indicates that the upward price trend may be coming to an end, and a potential decline may begin. Additionally, the 20 and 50-day moving averages have a chance to provide a support level during possible decline periods.

Macro Indicators and Gold Investments

Important indicators that help investors determine market direction include US 10-year Treasury bond yields and the US dollar index. Downward movements in bond yields and the dollar index generally create a supportive environment for stocks and commodities. In this context, gold is expected to be highlighted as a 'safe haven' during periods of uncertainty.

Adopting a defense-oriented investment strategy, Gordon plans to increase his investments in gold mining companies. He draws attention to the strong growth potential of firms like AngloGold Ashanti, which has a market value of 42 billion dollars, and considers further expanding his position if the stock price exceeds the 89 dollar level. He notes that this company, which has growth targets until 2026, currently accounts for 2% of his portfolio.

In Conclusion

While the current market stagnation is expected to continue, evaluations are being made that new opportunities may arise with the breaking of technical levels. It is becoming increasingly important for investors to be prepared for various scenarios during this process.