Dollar, Gold and Coin Markets Forecast / A Look at the Financial Markets May 20, 1401
According to Tejarat News, on the twentieth day of May, the dollar, gold and coin markets experienced an upward trend. Since then, the stock market index has been declining and bitcoin and atrium have fallen in the international markets.
Bitcoin forecasting
As previously predicted, $ 34,000 after the support was broken Bitcoin It dropped to $ 32,000, and if the $ 32,000 support is lost, we will probably lose up to $ 30,000. Now the question is whether the $ 30,000 support will be lost or not.
Experts have many predictions as to whether or not Bitcoin will lose $ 30,000. Some believe that the price floor of Bitcoin is $ 23,000, while others find the $ 27,000 more appropriate.
Few experts agree that bitcoin does not fall more than $ 30,000. Of course, seven days ago, the price of Bitcoin fell below the 20-month moving average, and this is not good news for the cryptocurrency market. 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. Because all experts believe that the game is ultimately for Bitcoin.
Stock forecasting
Overall Index Exchange Today it started a downward trend and the homogeneous index also went up.
“Technically, there is still a possibility of returning to the range of 1.5 million units, but given today’s trading trend and the presence of buyers in the market, it is possible to repeat today’s trend,” Majnabi Diba, a capital market expert, told Tejaratnews.
“Tomorrow we will have a war between supply and demand, and if that does not lead to a total index of 1.5 million units, we will generally have neutral movements in the overall index,” he explains.
The capital market expert continues: We seem to see a better trend in some small stocks of smaller industries. But the big industries and market makers are in a state of record, which happens to be a good issue for them.
“If the big industries are neutral, it means they have identified a new floor and are preparing for a higher price level,” says Diba.
“Oil prices have led to a good trend in refineries today, and this trend is likely to continue,” he said.
Gold forecast
“Despite rising interest rates and the Federal Reserve’s contractionary policies, I see the global gold rate rising,” Borzoo Haghshenas told Tejarat News. By the end of 2022 and even the first three months of 2023, this metal will see at least the previous ceiling. It might even break it.
The impact of the global recession on the gold and silver market
Mojtaba Diba, another financial expert, said: “We are at a time when the monetary contraction in the Federal Reserve is being extended to other economies and the dollar is becoming more stable.”
He added that other central banks are also trying to raise interest rates or reduce their bonds on their financial statements, such as the central banks of New Zealand and the United Kingdom, to fight inflation.
“We are moving away from zero interest rates in the world’s major economies and moving towards higher interest rates,” he said. Higher interest rates on the dollar than on currencies increase the demand for the dollar. In this case, the appetite for investment will increase and as a result, we will have the suppression of commodities such as silver and gold.
Dollar forecast
Milad Sadeghi, financial market expert on trend 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.
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