Technical analysis of the financial markets of Iran and the world on November 30, 2023,
The global ounce increased by 0.13% to $2,653, 18-karat gold increased by 1.05% to 4,610,000 Tomans, and the coin increased by 0.91% to 52,225,000 Tomans.
2. The dollar is the helm of the upward wave in the price of gold: The price of gold rose in all segments along with the growth in the global price and the increase in the exchange rate. Experts believe that the failure of the resistance level of 20,250,000 Tomans can strengthen the upward trend of the market and create new space for growth.
3. The coin's flight over the new channel: With the growth in the exchange rate, the price of the coin in all segments experienced a significant increase today. Analysts believe that the entry of the coin price into the 52 million Tomans channel can be a guarantee for the continuation of the upward trend in the coming days.
4. Global gold: The calm before the storm? The global gold price rose slightly as tensions in the Middle East intensified and gold's position as a safe-haven investment strengthened. However, the gold market is expected to remain unchanged as the weekend approaches.
5. Will the dollar reach a new high? The currency price rose following the escalation of the conflict in Syria. However, experts believe that this emotional growth in the dollar price is temporary and, given the market maker's successful experience in controlling fluctuations, it seems unlikely that drastic and lasting changes will occur.
6. The stock exchange is victorious, the coin is defeated: A review of financial market statistics shows that the stock exchange topped the market performance last week with a stunning 7.5 percent growth. In contrast, the Emami coin was the main loser in this competition with a 2.3 percent drop in price and could not resist the downward trends.
7. Gold import surge: In the first 8 months of this year, 61.5 tons of gold bullion worth $4.6 billion entered the country. This accounted for 10% of total imports, up 371% in weight and 462% in value compared to last year.
8. Oil prices on the decline: Oil prices have been on a downward trend as the risk of supply disruptions has eased and oversupply is forecast for 2025. Also, last week, the oil market fell by 3%.
9. Global liquidity rushes into Bitcoin: Senior cryptocurrency analyst Jimmy Cutts announced that $1.1 trillion of global liquidity has flowed into Bitcoin and other cryptocurrencies in the past two years.