[Crypto Türkiye] XAU USD (ONS GOLD)

Spot gold (XAU/USD) could retrace to the red-marked Fibonacci levels of $3,636, $3,183, and $2,786 per ounce, which the analyst describes as normal and reasonable pullback zones. Deeper declines toward $2,309 and even $2,059 per ounce remain possible, with gram gold in Turkish lira terms potentially falling from 3,000 TL to as low as 1,000 TL in an extraordinary scenario. The analysis warns that all TL-based calculations would be invalidated if authorities let the dollar rise sharply against the lira, closing the gap through FX rather than gold. The author argues intervention in the dollar is overdue and would favor a 50% downward move, though the note is explicitly subjective and not investment advice.