Prediction of dollar, gold and coin prices on Saturday 25 Mehr; What is the direction of the Saturday market?

At the end of the week, the currency and gold market increased in price, and now traders are waiting for the first reaction of the market to the political developments and the amount of currency supply in Saturday transactions. Read the conditions that can affect the path of the dollar, gold and coins at the beginning of the new week in this report.

Sefir Arjan-Economic Group: The financial markets experienced fluctuations in the third week of October, and after the price retreat in the middle of the week, in the last two days, the dollar, gold and coin rates rose again. In the meantime, the political and security developments in the region are still one of the factors affecting traders' expectations.

The dollar started the week in the range of 263 thousand tomans and then decreased to the range of 257 thousand tomans, but this trend did not last and the American bill reached 265 thousand tomans at the end of the week.

The increase in the price of the dollar at the end of the week occurred when the political and security news of the region is still in the attention of traders. Reports about developments in the Strait of Hormuz and new US sanctions on the one hand and statements about the possibility of reducing tensions on the other hand have sent different messages to the market.

These conditions have made traders follow the political news more carefully, in addition to the supply and demand process, to start trading on Saturday.

Based on the analysis presented in the market, the range of 265 thousand tomans will be one of the important levels to evaluate the behavior of the dollar at the beginning of the week.

If the dollar stabilizes above this range and the demand in the market increases, the price movement towards the range of 267 to 270 thousand Tomans is considered as one of the possible scenarios.

On the other hand, reducing political tensions or increasing currency supply can provide the basis for price correction. In this case, the range of 261 to 260 thousand tomans and after that the floor of 257 thousand tomans recorded this week will be important levels of the market.

The price of gold and coins was also affected by the fluctuations of the dollar in the third week of October. In the middle of the week, 18-karat gold approached the range of 25 million tomans, but with the return of the dollar to the upward cycle, it compensated part of its decrease and reached the range of 26 million and 180 thousand tomans at the end of the week.

The global ounce of gold, which was in the range of $4,155 on Thursday, reached around $4,177 when the report was set. The increase in the price of the ounce along with the growth of the dollar can support the price of gold and coins in the early trading of the week.

In the increasing scenario, if the dollar stabilizes in the range of 265 thousand tomans or reaches higher levels, 18 carat gold can move towards the range of 26 million and 500 thousand tomans. In case of the simultaneous growth of the dollar and the global ounce, the range of 27 million tomans is considered as a level to be investigated.

On the other hand, the drop in the dollar rate or the drop in the global ounce can reduce the upward momentum of the gold and coin market and bring 18 carat gold closer to the 25 million tomans range again.

Emami coin also ended the week in the range of 267 million Tomans, and if the dollar continues to grow, the range of 270 million Tomans can be the focus of traders' attention.

According to the announced prices, Emami coin had a price of 267 million and 600 thousand tomans at the end of trading on Thursday, 23 Mehr 1405. Bahar Azadi coin was traded for 257 million 500 thousand tomans.

Half coins were priced at 140,800,000 Tomans and quarter coins at 75,700,000 Tomans, and a gram coin was priced at 38,000,000 Tomans.

At the end of the week, the gold shekel was in the range of 113,440,000 Tomans, and each gram of 18-karat gold was traded at 26,187,000 Tomans.

In general, the path of the market on the first day of the new week will depend on the behavior of the dollar, the trend of the global ounce of gold, the amount of currency supply and, most importantly, the political and security news; Therefore, the price levels presented in this report are possible market scenarios and do not mean certainty in the trading process.

The gold and coin market faced selling pressure at the end of trading on Tuesday under the influence of the retreating dollar; Now traders are looking at the behavior of the dollar and the trend of the global ounce for Wednesday, and the path of the market can change between the continuation of the decline or a limited return of prices.

The price of dollar, gold and coins is in a critical situation on the first day of the third week of Mehr 1405; On the one hand, the continuation of political consultations and the possibility of reducing tensions can reduce the pressure on the currency market, and on the other hand, new sanctions and regional concerns continue to provide the basis for price fluctuations. Will the Emami coin return to the channel of 270 million tomans?

The gold and coin market starts trading on Tuesday, October 14, 1405, when the price of the dollar is in the range of 268 thousand tomans and the global ounce is traded above 4150 dollars. Experts believe that the persistence of these two variables at current levels can strengthen the upward path of gold and coin prices.