Gram gold is approaching record levels. Technical outlook and fundamental pressures in the TRY-denominated gold price.
Gram gold is trading near historical levels in TRY terms. Both technical and fundamental dynamics are creating strong upside pressure on the **XAUTRY** pair.
**Technical Outlook**
On the weekly chart, price is holding above the middle band of its rising channel. EMA20 and EMA50 are tracking below the gold price — confirming that the uptrend remains healthy. The weekly MACD histogram is expanding in positive territory.
**Spot Gold Connection**
Ounce gold in dollar terms is under pressure due to global geopolitical tensions and Fed rate expectations. The TRY's diverging path is propelling gram gold ahead of dollar-denominated performance.
**Gram Gold Support Levels**
- Primary support: Daily EMA50 zone
- Secondary support: Previously broken resistance, now support
**Gram Gold Resistance Levels**
- Primary: Recent days' high close
- Secondary: Psychological round-number level
**Fundamental Factors**
Global inflation expectations keep gold demand alive. Central bank gold purchases are at record levels. Structural pressure on the TRY continues to underpin local gold demand.
**Conclusion**
The medium-term trend for gram gold remains constructive. Short-term pullbacks can be considered accumulation opportunities.
