According to th Shahr-e-Bourse, the gold and coin market approaches the last day of autumn and “Yalda Night” after closing last week with bullish volatility. On Sunday, due to the weekend closure of global markets, the “Global Ounce” will remain locked at its closing rate. Consequently, the main players on the field will be the “Tehran Dollar” and “Occasional Demand.”
The “Yalda Night” Effect on Gold The ancient tradition of gift-giving on Yalda Night usually boosts demand for “Melted Gold,” “Gram Coins,” and “Quarter Coins.” Market participants believe that tomorrow’s transactions will focus on these smaller denominations. If physical demand increases, the bubble on smaller coins may inflate further, though the Emami (Full) Coin will primarily look to the Dollar for direction.
Price Scenarios in the Absence of the Ounce Since the global ounce will not change, tomorrow’s market will fluctuate directly with the Dollar.
If the Dollar stabilizes in the 129,000 to 130,000 Toman channel, gold and coins will likely trade within a range-bound (Side) trend.
However, if the Market Maker increases currency supply to control psychological sentiment before the holiday, a minor price correction is possible.
Technical Analysis: Where are the Critical Borders?
Emami Coin: The coin, having settled in the 142 million Toman channel, has significant support at 141,800,000 Tomans. Holding this fortress on Sunday is vital. The resistance ahead is 143,200,000 Tomans, which seems difficult to breach without help from the global market.
18-Karat Gold: Each gram of 18k gold is fluctuating around the 13,700,000 Toman range. Experts believe that as long as the price remains above 13,600,000 Tomans, the overall trend remains bullish.
Final Forecast For tomorrow, December 21, it is predicted that the market will start with a relatively warm atmosphere due to retail Yalda demand, but severe price volatility is unlikely. The Market Maker will likely prevent any emotional price spikes from embittering the market mood on Yalda Night.
