Middle East Tensions Shake Markets: Gold Falls, Oil Rises

Rising geopolitical risks in the Middle East and recent US missile strikes have caused significant volatility in global markets. These developments have negatively impacted investor risk appetite, leading to sharp price movements in commodity and currency markets. Gram gold, which had risen last week, started the new week with a loss. Continued selling pressure on spot gold stands out as the main reason for the decline in gold prices. Meanwhile, growing concerns over the Strait of Hormuz pushed Brent crude oil prices to the $80 level. The USD/TRY exchange rate rose above 47 lira, approaching record levels. Borsa Istanbul fell to the 14,000-point support level, remaining under selling pressure due to geopolitical risks. This market activity marks a period that investors are closely monitoring. This is not investment advice.

📊 BRENT — Piyasa Yorumu

▲ up · 70%

Oil prices continue their upward trend driven by geopolitical tensions in the Middle East. Although technical indicators point to overbought territory (RSI at 79), the MACD and moving averages confirm strong bullish momentum. In the short term, the upward movement is expected to persist, but the risk of a potential correction due to overbought conditions should not be overlooked.

RSI 14

79.1

MACD

1.84

24h Δ

7.35%

📊 GLD — Piyasa Yorumu

▲ up · 60%

With an RSI of 29.6, the asset is in oversold territory, which could signal a short-term recovery. The MACD is negative, but the price is well below both the 20-day and 50-day moving averages, indicating that the decline may be overdone. While the news headline confirms the downtrend, technical indicators suggest that selling pressure could ease. A slight uptick or sideways movement is possible in the near term.

RSI 14

29.6

MACD

-2.67

24h Δ

0.51%

📊 XU100 — Piyasa Yorumu

▼ down · 65%

The XU100 index is under selling pressure due to escalating geopolitical tensions in the Middle East. Technical indicators confirm the weakness: the RSI is approaching oversold territory at 39, while the MACD is below the signal line and in negative territory. The price is trading below the 20- and 50-day moving averages, indicating a short-term downtrend. However, the RSI nearing oversold levels could signal a potential bounce, so while the bearish bias is strong, it is advisable not to be overly aggressive.

RSI 14

39.1

MACD

-56.83

24h Δ

-1.60%

📊 DXY — Piyasa Yorumu

■ neutral · 60%

The DXY is trading slightly higher at 101.188, with the RSI around 55 in neutral territory. The MACD is just below the signal line, indicating short-term directional uncertainty. While Middle East tensions typically boost safe-haven demand, the decline in gold and rise in oil do not provide a clear direction for the DXY. Technical indicators suggest a sideways trend, and the impact of news may remain limited. Therefore, I expect a neutral outlook in the short term.

RSI 14

54.9

MACD

0.06

24h Δ

0.11%

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