{"id":53102,"date":"2026-08-21T18:27:36","date_gmt":"2026-08-21T18:27:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/hazine-geri-alimlari-tahvil-getirilerini-asagi-cekerken-ve-dolari-zayiflatirken-altin-4-600-dolarin-uzerinde-uc-ayin-zirvesine-cikti\/"},"modified":"2026-08-21T18:27:36","modified_gmt":"2026-08-21T18:27:36","slug":"hazine-geri-alimlari-tahvil-getirilerini-asagi-cekerken-ve-dolari-zayiflatirken-altin-4-600-dolarin-uzerinde-uc-ayin-zirvesine-cikti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/hazine-geri-alimlari-tahvil-getirilerini-asagi-cekerken-ve-dolari-zayiflatirken-altin-4-600-dolarin-uzerinde-uc-ayin-zirvesine-cikti\/","title":{"rendered":"Hazine geri al\u0131mlar\u0131 tahvil getirilerini a\u015fa\u011f\u0131 \u00e7ekerken ve dolar\u0131 zay\u0131flat\u0131rken alt\u0131n 4.600 dolar\u0131n \u00fczerinde \u00fc\u00e7 ay\u0131n zirvesine \u00e7\u0131kt\u0131"},"content":{"rendered":"

Alt\u0131n, dalgal\u0131 ge\u00e7en \u00f6nceki haftan\u0131n ard\u0131ndan rallisini s\u00fcrd\u00fcrerek XAU\/USD\u2019yi 4.500 dolar\u0131n \u00fczerine ta\u015f\u0131d\u0131 ve \u00fc\u00e7 ay\u0131n en y\u00fcksek seviyesine \u00e7\u0131kt\u0131; daha sonra 4.600 dolar\u0131 test etti. Hareket, piyasalar\u0131n Fed\u2019in faiz art\u0131r\u0131m\u0131 ihtimalini azaltmas\u0131yla ABD Dolar\u0131\u2019ndaki zay\u0131flamadan destek buldu. Jeopolitik haber ak\u0131\u015f\u0131 ivmeyi k\u0131sa s\u00fcreli\u011fine tersine \u00e7evirirken, 30 y\u0131ll\u0131k Hazine tahvili faizi yakla\u015f\u0131k son 20 y\u0131l\u0131n en y\u00fcksek seviyesine y\u00fckseldi. Ancak ABD Hazine Bakanl\u0131\u011f\u0131\u2019n\u0131n likiditeyi desteklemek amac\u0131yla baz\u0131 uzun vadeli bor\u00e7 geri al\u0131m (buyback) operasyonlar\u0131n\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc beklenmedik \u015fekilde iki kat\u0131na \u00e7\u0131karaca\u011f\u0131n\u0131 a\u00e7\u0131klamas\u0131yla tablo de\u011fi\u015fti. Getiriler gerilerken k\u00fcl\u00e7e alt\u0131n, haziran ba\u015f\u0131ndan bu yana ilk kez 4.500 dolar\u0131n \u00fczerine k\u0131rd\u0131, ard\u0131ndan yataya d\u00f6nd\u00fc ve PMI anketlerinin \u00f6zel sekt\u00f6rde sa\u011fl\u0131kl\u0131 aktiviteye i\u015faret etmesiyle haftay\u0131 12 haftan\u0131n yeni zirvesi olan 4.600 dolar\u0131n \u00fczerinde kapatt\u0131.<\/p>\n

Odak, pazartesi g\u00fcn\u00fc Hazine Bakan\u0131 Scott Bessent\u2019in a\u00e7\u0131klamalar\u0131na, ard\u0131ndan \u00e7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanacak verilerde y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f 2. \u00e7eyrek GSYH\u2019nin ikinci tahmini ile temmuz PCE enflasyonuna kay\u0131yor. \u00c7ekirdek PCE\u2019nin ayl\u0131k bazda %0,2 gelmesi beklenirken; CME FedWatch Tool, gelecek ay 25 baz puanl\u0131k art\u0131\u015f olas\u0131l\u0131\u011f\u0131n\u0131 yakla\u015f\u0131k %35 olarak ima ediyor. Teknik tarafta 4.500 dolar seviyesi, 200 g\u00fcnl\u00fck SMA ve Fibonacci %38,2 d\u00fczeltmesiyle g\u00fc\u00e7lenirken RSI 70\u2019e yakla\u015f\u0131yor. Diren\u00e7ler 4.675-4.700 ve 4.850 dolar b\u00f6lgelerinde; destekler ise 4.410-4.400 ile 4.300-4.280 band\u0131nda g\u00f6r\u00fcl\u00fcyor. Ayr\u0131 olarak Bitcoin k\u0131sa s\u00fcreli\u011fine 70.000 dolara dokundu; merkez bankalar\u0131 2022\u2019de yakla\u015f\u0131k 70 milyar dolar de\u011ferinde 1.136 ton alt\u0131n ekledi.<\/p>\n

Alt\u0131n \u0130\u015flem Stratejileri ve Teknik G\u00f6r\u00fcn\u00fcm<\/h3>\n

Alt\u0131n piyasas\u0131nda, fiyatlar\u0131n kritik 4.500 dolar seviyesini a\u015farak 4.600 dolarla yeni bir zirveye ula\u015fmas\u0131yla belirgin bir k\u0131r\u0131lma g\u00f6r\u00fcyoruz. Bu ralli, ABD Hazine Bakanl\u0131\u011f\u0131\u2019n\u0131n uzun vadeli tahvil geri al\u0131mlar\u0131n\u0131 iki kat\u0131na \u00e7\u0131karma y\u00f6n\u00fcndeki beklenmedik plan\u0131n\u0131n getirileri sert bi\u00e7imde d\u00fc\u015f\u00fcrmesiyle g\u00fc\u00e7l\u00fc \u015fekilde besleniyor. T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lara, uzun pozisyonlara belirgin bi\u00e7imde a\u011f\u0131rl\u0131k vermelerini; \u00f6zellikle bir sonraki ana diren\u00e7 band\u0131 olan 4.675-4.700 dolar civar\u0131ndaki kullan\u0131m fiyatlar\u0131na sahip al\u0131m (call) opsiyonlar\u0131n\u0131 hedeflemelerini \u00f6neriyoruz.<\/p>\n

Bu momentumu \u00e7er\u00e7evelemek gerekirse, merkez bankalar\u0131n\u0131n alt\u0131n al\u0131mlar\u0131 ola\u011fan\u00fcst\u00fc g\u00fc\u00e7l\u00fc seyretti; D\u00fcnya Alt\u0131n Konseyi (WGC), k\u00fcresel net al\u0131mlar\u0131n y\u0131ll\u0131k bazda istikrarl\u0131 \u015fekilde 1.000 tonun \u00fczerinde ger\u00e7ekle\u015fti\u011fini bildiriyor. Bu b\u00fcy\u00fck kurumsal talep, y\u00fckseli\u015f beklentimiz i\u00e7in sa\u011flam bir taban olu\u015fturuyor ve para politikas\u0131nda b\u00fcy\u00fck bir de\u011fi\u015fim olmad\u0131k\u00e7a derin geri \u00e7ekilmeleri olas\u0131 k\u0131lm\u0131yor. Alt\u0131n vadeli i\u015flem (futures) yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in, stop-loss emirlerinin 4.500 dolar destek seviyesinin hemen alt\u0131na konumland\u0131r\u0131lmas\u0131, y\u00fckseli\u015f trendinin devam etmesine alan tan\u0131rken sermayeyi koruyacakt\u0131r.<\/p>\n

Riskler, Veri G\u00fcndemi ve Volatilite Stratejileri<\/h3>\n

\u00d6n\u00fcm\u00fczdeki hafta a\u00e7\u0131klanacak verilerde, \u00f6zellikle ABD \u00e7ekirdek Ki\u015fisel T\u00fcketim Harcamalar\u0131 (PCE) endeksine kar\u015f\u0131 son derece dikkatli olmal\u0131y\u0131z. Ayl\u0131k enflasyonun beklenen %0,2\u2019nin \u00fczerinde gelmesi, faiz art\u0131r\u0131m\u0131 endi\u015felerini h\u0131zla canland\u0131rabilir ve sert bir a\u015fa\u011f\u0131 y\u00f6nl\u00fc d\u00fczeltmeyi tetikleyebilir. Bu verinin alt\u0131n\u0131 kritik 4.500 dolar e\u015fi\u011finin alt\u0131na itmesi halinde, stratejiyi 4.400 dolar seviyesini hedefleyen k\u0131sa vadeli sat\u0131m (put) opsiyonlar\u0131 almaya \u00e7evirmeliyiz.<\/p>\n

Buna ek olarak, yakla\u015fan Jackson Hole Sempozyumu\u2019nu yak\u0131ndan izliyoruz; Fed Ba\u015fkan\u0131 Kevin Warsh\u2019\u0131n enflasyona ili\u015fkin duru\u015fu ABD Dolar\u0131\u2019nda ani volatilite yaratabilir. Orta Do\u011fu\u2019daki artan jeopolitik gerilimler ve \u0130ran\u2019a y\u00f6nelik yeni yapt\u0131r\u0131m tehditleriyle birlikte enerji fiyatlar\u0131 s\u0131\u00e7rayarak piyasa dinamiklerini daha da karma\u015f\u0131kla\u015ft\u0131rabilir. Piyasan\u0131n y\u00f6n\u00fcnden ba\u011f\u0131ms\u0131z olarak sert fiyat hareketlerinden faydalanmak i\u00e7in, uzun straddle gibi volatilite bazl\u0131 t\u00fcrev stratejilerinin kullan\u0131lmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

Alt\u0131nda kritik k\u0131r\u0131lma: XAU\/USD 4.500\u2019\u00fc a\u015f\u0131p 4.600\u2019\u00fcn \u00fczerine yerle\u015fti. Fed faiz beklentisi zay\u0131flad\u0131, Hazine\u2019nin buyback hamlesi getirileri d\u00fc\u015f\u00fcrd\u00fc. G\u00f6zler GSYH-PCE\u2019de; 4.675-4.700 diren\u00e7.<\/p>\n","protected":false},"author":87,"featured_media":49965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t