Emami Gold Coin (IRR) Extends Gains Amidst Strong Bullish Trend
On August 24, 2026, Emami Gold Coin (IRR) closed at IRR 2,220,050,000. The session opened at IRR 2,230,250,000, reaching an intraday high of IRR 2,250,400,00...
Market Summary
On August 24, 2026, Emami Gold Coin (IRR) closed at IRR 2,220,050,000. The session opened at IRR 2,230,250,000, reaching an intraday high of IRR 2,250,400,000 before touching a low of IRR 2,219,800,000. Despite closing below its opening price for the day, the Emami Gold Coin recorded its eighth consecutive day of gains, marking a new 30-day highest close.
Interactive price chart
Market Analysis
The Emami Gold Coin (IRR) continues to exhibit a bullish trend, with the latest closing price representing a new 30-day high. The asset's price remains positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trajectory. The current price is also notably close to its 52-week high, with a distance of approximately 1.35%.
The trading session on August 24 saw the coin open at IRR 2,230,250,000 and reach a high of IRR 2,250,400,000, which also serves as the current resistance level. The intraday low was recorded at IRR 2,219,800,000. The 30-day volatility for the Emami Gold Coin stands at approximately 1.57%. A key support level is identified at IRR 1,819,800,000.
Technical Highlights
Momentum indicators suggest a strong upward bias. The 14-period Relative Strength Index (RSI) is at 88.58, indicating that the asset is in an overbought condition, reflecting robust buying interest. The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line positioned above its signal line and the histogram displaying positive values.
The Average Directional Index (ADX) at 31.89, coupled with a significantly higher Plus Directional Indicator (+DI) compared to the Minus Directional Indicator (-DI), points to a strong and well-defined uptrend. Furthermore, the price is trading above the upper Bollinger Band, which often suggests that the asset may be experiencing an extended upward move. The Supertrend indicator also confirms a bullish direction, currently at IRR 2,106,509,911.
Conclusion
Emami Gold Coin (IRR) maintains a strong bullish trend, marked by eight consecutive days of gains and a new 30-day highest close. Technical indicators such as the RSI, MACD, and ADX reinforce the prevailing upward momentum, with the price trading above key moving averages and the upper Bollinger Band. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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