Prediction of the price of 18 carat gold, coins and dollars today, Saturday, October 25 Will the military risk raise the price of the dollar to 280 thousand tomans?

On the first day of the week, the gold and foreign exchange market can be affected by the increase in military risks and the possibility of growth in the demand for dollars; However, the gold price path is also dependent on the fluctuations of the global ounce.

Economic Group - Mehdi Safai: One of the effective factors in the direction of market trends, including the gold and currency markets, is the increase in military threats. This event is effective because if the war continues and occurs, it will increase the price of the dollar and the assets that are valued with it, through damage to the infrastructure and lack of currency resources.

At the beginning of today's trading, the gold and foreign exchange market faces a series of influential factors that can increase the range of fluctuations. The escalation of military risks in the region raises the possibility of increasing demand for currency and safe assets; However, in addition to the dollar rate, the path of gold is also dependent on the fluctuations of the global ounce. In such a situation, the continuation of price growth is a scenario that can be investigated, but the possibility of temporary corrections cannot be ignored either.

dollars; Military risk in the focus of the market

The dollar starts trading today in a situation where political and security expectations can play a prominent role in determining its direction. Increased concern about the spread of military conflicts, if inflationary expectations are strengthened and precautionary demand increases, may put additional pressure on the currency market. On the other hand, any sign of easing tension or increasing the supply of currency can reduce the intensity of demand and prevent continued growth.

Published reports about the increased risk of attacks on ships in the region and the examination of new military options by the United States have added to the level of uncertainty. However, turning these concerns into sustainable dollar growth depends on the reaction of traders and the actual change in supply and demand; Therefore, an increase in risk does not necessarily mean a one-way growth of the exchange rate.

From the point of view of price ranges, the support of the dollar can be checked around 265-267 thousand Tomans and its resistance in the range of 275-280 thousand Tomans. If the demand is strengthened with the start of trading, moving towards the ceiling of this interval is not far from expected; But reduced buying pressure can keep the dollar in lower ranges. Based on this, the possible fluctuation range of the dollar is estimated from 265 to 280 thousand tomans.

18 karat gold; Dollar rises, what will the ounce do?

The path of domestic gold in today's trading will depend on the outcome of two important variables, namely the dollar rate and the world price of an ounce. The increase in the exchange rate can support the price of 18 carat gold even in the case of a drop in ounces; But if the ounce rises at the same time, the increasing pressure on the domestic market can intensify. On the other hand, the drop of the ounce along with the stability or decline of the dollar may lead to a correction in the price of gold.

The global ounce has been associated with significant fluctuations in recent days, and if the sales pressure continues in the international markets, there is a possibility that it will retreat from the current levels. Changing expectations about US interest rates, economic developments and the intensity of demand for safe assets can change the direction of gold movement in the global market. Therefore, it is not possible to conclude the definite growth of domestic gold solely by relying on the increase in military risk; Because the reaction of the ounce to the news and its synchronization with the changes of the dollar is very important.

For 18 carat gold, the range of 26 to 26 million and 200 thousand tomans can play a supporting role and the range of 26 million and 800 thousand to 27 million tomans can be on the resistance side. If the dollar strengthens and the ounce is stable, it will be possible to move towards higher resistances; But the drop of the ounce can hinder the growth of gold or limit the scope of the price increase. Based on this, the possible fluctuation range of 18 carat gold is estimated at 26 to 27 million tomans.

Imami coin; More sensitivity to demand and bubbles

In addition to the changes in the dollar and domestic gold, the Imami coin is also affected by the price bubble situation. During periods of increased uncertainty, demand for coins may be strengthened; But if prices move away from the value of the gold contained in the coin more quickly, an increase in the bubble can increase the risk of volatility. For this reason, the behavior of the coin may not be completely synchronized with the changes of 18 carat gold.

In today's trading, the range of 265 to 268 million Tomans can be considered as the support area of ​​Imami coin. On the other hand, the range of 278 to 282 million tomans will be a possible resistance in front of the price. Strengthening demand following increased military concerns can push the coin to the upper part of this range; But the decline in demand or the drop in global ounces may prevent continued growth. The possible fluctuation range of Imami coin for today is estimated at 265 to 282 million tomans.