Dollar, Gold and Coin Markets Forecast / A Look at the Financial Markets May 19, 1401
According to Tejarat News, today the dollar increased by 113 Tomans to 28,216 Tomans at the time of writing this report. The trend in the gold and coin market was reversed, gold went down and coins went up. In the capital market, it was down after several indicators.
Bitcoin forecasting
Seven days ago the price Bitcoin It has fallen below the 20-month moving average and this is not good news for the cryptocurrency market. Seven days ago, the first bitcoin monthly candle closed below the 20-month moving average. Although we had a good uptrend, it acts as a seal to end the uptrend. Of course, one should not worry too much.
Bitcoin still has valid support in the range of 30 thousand and 27 thousand dollars. But when the price closes below the long-term moving average, we are probably seeing a downtrend for two to four.
Sonson is not pessimistic about the cryptocurrency market. Rather, he believes that the market should probably fall slightly before climbing higher numbers. The expert believes that the $ 27,000 and $ 23,000 supports are below the Bitcoin price level.
On the other side of the story
Of course, Sonson says the long-term uptrend is over is just a prediction. Some experts put the bitcoin price floor at $ 30,000 and believe that the market will not fall further from this range.
A well-known analyst named Credible also said about market conditions:
“Bitcoin bears can achieve their dream and bring bitcoin below $ 30,000, but now is not the time. “It is unlikely that Bitcoin will rise to $ 100,000 before it falls below $ 30,000.”
When will the total stock index reach two million?
“Today, the stock market turned green at the end of trading,” Erfan Hoodi, a capital market expert, told Tejarat News. That is why tomorrow’s market will experience a balanced and ultimately positive trend.
“For various reasons, such as the failure of negotiations, inflation expectations, rising dollar prices and global tensions, it is a bullish glass, and we will probably reach the index of two million to two million and 300 thousand units by the end of the year,” he said.
Hoody says about the index becoming two million: Due to the elimination of the 4,200 Toman currency, many industries are affected and go up.
“If the world is at peace, world prices will fall and the stock market will fall,” he said. Also, if Borjam succeeds, the price of the dollar will fall, and given that more than 60% of the shares are dependent on global markets, eventually the glass hall will fall. In the short term, the market will go up with a shock.
“Long-term investment in the stock market is profitable,” he concludes.
Gold forecast
In an interview with Tejarat News, Abdullah Meshkani, a financial markets expert, said: gold price It depends on the dollar and part of it depends on the global ounce.
He continued about the global ounce: with the printing of the money that the United States has had so far, the price of world gold should have gone up. The factor that has kept prices from rising is that the United States is pursuing a contractionary policy.
“If the United States continues this monetary policy, gold will remain at the same prices and may even fall,” Meshkani said. Of course, these predictions are in the event that nothing new happens in US monetary policy and the news of the Russia-Ukraine war and, on the other hand, nothing special in Chinese policy.
The real price of the dollar at the end of 1401
Milad Sadeghi, a financial market expert on forecasting The price of the dollar In an interview with Tejarat News, he stated: The real value of the dollar will finally be close to 31 to 32 thousand tomans by the end of this year, considering liquidity, economic growth and the official interest rate.
He continued: “But what the market sees as price can not be talked about now and depends on factors outside the market such as the Vienna agreement and inflation expectations.
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