Forecast of dollar and gold markets / 60 seconds with financial markets today, February 17th
According to Tejarat News, The price of the dollar In the free market today had a downward trend and gold price And coins in the market today were declining. The stock market index had a downward trend in today’s trading, but there was a relative stability in trading, and this issue caused the stock market not to fall much.
Russia’s withdrawal made Bitcoin positive
Bitcoin, which had fallen to $ 42,000 due to the possibility of a Ukraine-Russia war, rose again. Yesterday, the news of the withdrawal of Russian troops from the Ukrainian border caused bitcoin to rise to the range of 44 thousand dollars.
Bitcoin has a channel ranging from $ 41,000 to $ 45,000. The market can not be expected to rise until the currency stabilizes above $ 46,000.
After the escalation of tensions on the Ukrainian border, stock prices and digital currencies fell, but gold and oil prices rose sharply. The rise in the price of gold stopped with the news of the retreat of Russian forces and spilled gold. When crises like war break out, risky assets like stocks and bitcoin fall.
The next target of Bitcoin, after stabilizing above $ 46,000, is in the range of $ 51,000 to $ 53,000. Although some experts are reporting a rise in the price of bitcoin, the current trend seems to be suffering. If the $ 53,000 resistance limit is broken, Bitcoin is likely to grow to the $ 59,000 to $ 60,000 range, which is a kind of psychological and static resistance.
Continuation of the confused days of the capital market
The stock exchange recorded a decrease of 845 units or 0.07 percent today and finally reached the level of one million and 282 thousand units.
Ahmad Eshtiaghi, a capital market expert, says about the market situation: “Most of the stocks in the market are valuable and the market situation is sublime.” But buyers and sellers are not willing to trade prices.
Today, the capital increase of 163,601 billion, 345 million and 600 thousand Tomans of Shasta, equivalent to 1052%, sat on the shareholders’ portfolio.
Slight decrease in the total stock index
According to the data of the Stock Exchange and Securities Company, today the total homogeneous index decreased by 0.07% and reached the range of 325,283 units.
Today, traders made 296,593 trades worth 24,620 billion tomans in the capital market.
Why were gold and coin price fluctuations limited?
“More than 70 percent of the determinants of gold and coin prices are due to the dollar, inflation expectations from the foreign exchange market and political news,” Sadeghin told Tejarat News. Only 30% of it is affected by the global ounce market.
He adds: “The main factor that caused the price of coins and gold in Iran not to decrease much despite the fall in the ounce rate is the ambiguity as a result of the Vienna talks.”
This financial markets expert explains: Today we did not see a significant decrease in the price of currency and the dollar is still in the channel of 26 thousand tomans. Coin operators will not sell until the exact trend for the foreign exchange market is determined.
Do prices return to the lower channel?
In such a situation, is it possible for the price of gold and coins to return to lower channels?
Sadeghin says: As long as the price of the coin is above one million and 800 thousand tomans as a very valid support and especially in the channel of 12 million tomans, we do not expect strange sales.
He emphasizes: “But if positive news is transmitted from Vienna and the dollar changes to levels below 26,500 tomans, there is a high probability that the price of gold and coins will return to lower channels.”
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