{"id":53247,"date":"2026-08-26T07:26:27","date_gmt":"2026-08-26T07:26:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/altin-pce-ve-jackson-hole-konusmalari-oncesinde-dolarin-guclenmesiyle-4-650-dolarin-altina-geriledi\/"},"modified":"2026-08-26T07:26:27","modified_gmt":"2026-08-26T07:26:27","slug":"altin-pce-ve-jackson-hole-konusmalari-oncesinde-dolarin-guclenmesiyle-4-650-dolarin-altina-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/altin-pce-ve-jackson-hole-konusmalari-oncesinde-dolarin-guclenmesiyle-4-650-dolarin-altina-geriledi\/","title":{"rendered":"Alt\u0131n, PCE ve Jackson Hole konu\u015fmalar\u0131 \u00f6ncesinde dolar\u0131n g\u00fc\u00e7lenmesiyle 4.650 dolar\u0131n alt\u0131na geriledi"},"content":{"rendered":"

Alt\u0131n (XAU\/USD), Sal\u0131 g\u00fcnk\u00fc dalgal\u0131 hareketlerin ard\u0131ndan \u00c7ar\u015famba g\u00fcn\u00fc Asya i\u015flemlerinde 4.650 dolar\u0131n alt\u0131na geriledi. ABD Dolar\u0131, ABD Ki\u015fisel T\u00fcketim Harcamalar\u0131 (PCE) Fiyat Endeksi \u00f6ncesinde yeniden g\u00fc\u00e7 kazand\u0131. Piyasalar, 15\u201316 Eyl\u00fcl FOMC toplant\u0131s\u0131nda politikan\u0131n sabit tutulaca\u011f\u0131 beklentisine yakla\u015f\u0131rken, odak Cuma g\u00fcn\u00fc Jackson Hole Sempozyumu\u2019nda Fed Ba\u015fkan\u0131 Kevin Warsh\u2019\u0131n yapaca\u011f\u0131 de\u011ferlendirmelere de kay\u0131yor. ABD Hazine tahvili geri al\u0131mlar\u0131, tahvil getirilerini a\u015fa\u011f\u0131 \u00e7ekmeye yard\u0131mc\u0131 olurken; yetkililer, Hazine\u2019nin yakla\u015f\u0131k 1 trilyon dolara yak\u0131n Genel Hesab\u0131\u2019n\u0131 daha uzun vadeli tahvillerde art\u0131r\u0131lm\u0131\u015f geri al\u0131mlar\u0131 finanse etmek i\u00e7in kullanabilece\u011fine i\u015faret ediyor. Ayn\u0131 zamanda, Orta Do\u011fu\u2019da gerilimin azalmas\u0131 petrol\u00fc yakla\u015f\u0131k iki haftan\u0131n en d\u00fc\u015f\u00fck seviyesine iterken, enflasyon endi\u015felerini s\u0131n\u0131rlay\u0131p getiriler \u00fczerinde bask\u0131 kurdu. Bu durum, Dolar\u2019daki y\u00fckseli\u015fin h\u0131z\u0131n\u0131 kesebilir ve alt\u0131na bir miktar destek sa\u011flayabilir.<\/p>\n

Teknik a\u00e7\u0131dan 4.500 dolar \u00fczerindeki k\u0131r\u0131l\u0131m, 200 g\u00fcnl\u00fck Basit Hareketli Ortalama (SMA) ile Mart\u2013Haziran d\u00fc\u015f\u00fc\u015f\u00fcn\u00fcn %38,2 Fibonacci d\u00fczeltmesinin olu\u015fturdu\u011fu k\u00fcmeyi temizledi; ancak y\u00fckseli\u015f %50 seviyesi \u00fczerinde zorlan\u0131yor. Momentumun gerildi\u011fi g\u00f6r\u00fcl\u00fcyor: G\u00f6reli G\u00fc\u00e7 Endeksi (14) 72\u2019ye yak\u0131n seyrediyor; MACD (12, 26, 9) pozitif kalmaya devam etse de yukar\u0131 y\u00f6n\u00fcn devam\u0131 i\u00e7in 4.700 dolar\u0131n \u00fczerinde bir atak gerekebilir. Bu seviyenin \u00fczerinde hedefler, %61,8 d\u00fczeltme olan 4.856 dolar, ard\u0131ndan %78,6\u2019da 5.104 dolar ve \u00e7evrim zirvesi b\u00f6lgesi olan 5.421 dolar olarak \u00f6ne \u00e7\u0131k\u0131yor. Destekler ise 200 g\u00fcnl\u00fck SMA yak\u0131n\u0131ndaki 4.522 ve 4.508 dolar, ard\u0131ndan %23,6\u2019da 4.292 dolar ve 3.944 dolar seviyelerinde bulunuyor.<\/p>\n

Politika ve Getiri Geli\u015fmeleri Ortam\u0131nda Stratejik \u0130\u015flem \u00d6nerileri<\/h3>\n

T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lara, Cuma g\u00fcnk\u00fc Jackson Hole konu\u015fmas\u0131 ve yakla\u015fan PCE enflasyon verisinden net sinyaller al\u0131nana kadar alt\u0131n (XAU\/USD) taraf\u0131nda agresif uzun pozisyonlardan ka\u00e7\u0131nmalar\u0131n\u0131 \u00f6neriyoruz. Tarihsel olarak Jackson Hole\u2019da verilen \u00f6nemli politika sinyalleri, takip eden g\u00fcnlerde alt\u0131n fiyat\u0131nda %3\u2019\u00fc a\u015fan oynakl\u0131klara yol a\u00e7abiliyor. Alt\u0131n\u0131n h\u00e2lihaz\u0131rda 4.650 dolar\u0131n hemen alt\u0131nda i\u015flem g\u00f6rd\u00fc\u011f\u00fc dikkate al\u0131nd\u0131\u011f\u0131nda, y\u00f6n se\u00e7meden yakla\u015fan volatiliteyi yakalamak i\u00e7in opsiyon straddle stratejilerinin kullan\u0131lmas\u0131n\u0131 tavsiye ediyoruz.<\/p>\n

ABD Hazine tahvil getirilerini yak\u0131ndan izliyoruz; Hazine\u2019nin, tahvil geri al\u0131mlar\u0131 i\u00e7in yakla\u015f\u0131k 1 trilyon dolara yak\u0131n Genel Hesab\u0131\u2019n\u0131 devreye almas\u0131yla getiriler geriliyor. Bu \u00f6l\u00e7ekte bir likidite enjeksiyonu getirileri a\u015fa\u011f\u0131 \u00e7ekerken, tarihsel olarak getirisi olmayan alt\u0131n\u0131 kurumsal yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan daha cazip h\u00e2le getiriyor. Getirilerdeki bu a\u015fa\u011f\u0131 y\u00f6nl\u00fc e\u011filim s\u00fcrerse, k\u0131sa vadeli alt\u0131n vadeli i\u015flemleri i\u00e7in g\u00fc\u00e7l\u00fc bir taban olu\u015fmas\u0131n\u0131 bekliyoruz.<\/p>\n

Risk Y\u00f6netimi ve Kritik Teknik Seviyeler<\/h3>\n

\u00d6te yandan, Orta Do\u011fu\u2019da deniz ta\u015f\u0131mac\u0131l\u0131\u011f\u0131 geriliminin azalmas\u0131 petrol fiyatlar\u0131n\u0131 iki haftan\u0131n en d\u00fc\u015f\u00fck seviyesine \u00e7ekerek k\u00fcresel enflasyon beklentilerinin so\u011fumas\u0131na katk\u0131 sa\u011fl\u0131yor. Enflasyon bask\u0131lar\u0131n\u0131n gerilemesiyle birlikte, Fed\u2019in 15\u201316 Eyl\u00fcl toplant\u0131s\u0131nda faizleri sabit tutma olas\u0131l\u0131\u011f\u0131 olduk\u00e7a y\u00fcksek. Faiz art\u0131\u015flar\u0131na ara verilmesi beklentisinin zaten k\u0131smen fiyatlara yans\u0131d\u0131\u011f\u0131 d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde, yat\u0131r\u0131mc\u0131lar\u0131n y\u00fcksek kald\u0131ra\u00e7l\u0131 y\u00fckseli\u015f y\u00f6nl\u00fc alt\u0131n pozisyonlar\u0131n\u0131 azaltmalar\u0131 gerekti\u011fini de\u011ferlendiriyoruz.<\/p>\n

Grafiklerde alt\u0131n\u0131n G\u00f6reli G\u00fc\u00e7 Endeksi 72 ile a\u015f\u0131r\u0131 al\u0131m sinyali veriyor; bu da son y\u00fckseli\u015f momentumunun k\u0131sa s\u00fcreli bir d\u00fczeltmeyle kar\u015f\u0131la\u015fabilece\u011fine i\u015faret ediyor. 4.700 dolar kritik direncinin \u00fczerinde kal\u0131c\u0131 bir g\u00fcnl\u00fck kapan\u0131\u015f g\u00f6r\u00fclmesi h\u00e2linde, 4.856 dolara do\u011fru alan\u0131n h\u0131zl\u0131 bi\u00e7imde a\u00e7\u0131labilece\u011fini d\u00fc\u015f\u00fcnerek yaln\u0131zca bu ko\u015fulda al\u0131m (call) opsiyonlar\u0131n\u0131 tercih etmeyi \u00f6neriyoruz. A\u015fa\u011f\u0131 y\u00f6nl\u00fc riskten korunma i\u00e7in, 200 g\u00fcnl\u00fck Basit Hareketli Ortalama olan 4.522 dolar civar\u0131nda s\u0131k\u0131 zarar-kes seviyeleri belirlenerek riskin etkin \u015fekilde y\u00f6netilmesi gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.<\/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 nefes kesen bekleyi\u015f: XAU\/USD 4.650 alt\u0131na sarkt\u0131, dolar PCE \u00f6ncesi g\u00fc\u00e7leniyor. Jackson Hole ve Warsh mesaj\u0131 kritik. RSI a\u015f\u0131r\u0131 al\u0131m; 4.700 \u00fcst\u00fc hedef 4.856. Straddle \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53247","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