Global Uncertainties Are Rising: Investors Are Turning to Gold

Volatility Continues in Global Markets

As global financial markets enter the final quarter 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 drawing investor attention. The S&P 500 index has been moving at a certain level since October, while stocks of AI-focused companies are currently in a pause due to profit realizations. However, historically, December's performance generally presents a hopeful picture for investors. While the second week of December may pass weakly, the anticipated 'Christmas rally' starting around December 16 is arousing curiosity among investors.

Key Technical Indicators to Watch

Gordon particularly highlights the potential 'head and shoulders' formation that could develop in the S&P 500 exchange-traded fund (ETF) charts. This formation suggests that the price trend may be ending, indicating a potential decline could commence. Additionally, the 20 and 50-day moving averages have the chance to serve as a support level during possible downward periods.

Macroeconomic Indicators and Gold Investments

Among the important indicators that help investors determine market direction are the U.S. 10-year Treasury yield and U.S. 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 stand out as a 'safe haven' during periods of uncertainty.

Adopting a defensive investment strategy, Gordon plans to increase investments in gold mining companies. He particularly emphasizes the strong growth potential of companies like AngloGold Ashanti, which has a market value of 42 billion dollars, and considers further expanding his position if the stock price surpasses 89 dollars. He notes that this company has growth targets until 2026 and currently comprises 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.