Emami Gold Coin Experiences Daily Pullback Amidst Bullish Trend
The Emami Gold Coin (IRR) closed at IRR 2,339,900,000 on September 6, 2026, marking a daily decline. The coin opened at IRR 2,379,950,000 and reached an intr...
Market Summary
The Emami Gold Coin (IRR) closed at IRR 2,339,900,000 on September 6, 2026, marking a daily decline. The coin opened at IRR 2,379,950,000 and reached an intraday high of IRR 2,385,100,000 before falling to a low of IRR 1,819,800,000. The session was characterized by a wide trading range.
Interactive price chart
Market Analysis
The Emami Gold Coin recorded a daily loss on September 6, closing below its opening price. This decline followed three consecutive sessions of gains, which saw the price rise from IRR 2,215,050,000 on September 1 to IRR 2,374,950,000 on September 5. Despite the recent pullback, the overall market structure indicates a bullish trend.
The latest session's high of IRR 2,385,100,000 represents a new high compared to the preceding sessions, while the low of IRR 1,819,800,000 was also a new low within the observed period, suggesting an expanding trading range. The coin's price remains significantly above its 52-week low, with a distance of over 68%, and is relatively close to its 52-week high, approximately 1.9% away. The 30-day volatility stands at 1.7%. The session's low of IRR 1,819,800,000 is identified as a support level, while the high of IRR 2,385,100,000 acts as a resistance level.
Technical Highlights
Technical indicators largely support the prevailing bullish trend, despite the recent daily price drop.
The 14-period Relative Strength Index (RSI) is at 76.98, indicating strong positive momentum and suggesting the asset is in overbought territory. The Moving Average Convergence Divergence (MACD) also shows positive momentum, with the MACD line above its signal line and a positive histogram.
The Emami Gold Coin trades above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established bullish trend. The 14-period Average Directional Index (ADX) at 39.28 suggests a strong underlying trend. Furthermore, the Supertrend indicator signals an upward trend, with the price trading above the Supertrend line.
Conclusion
The Emami Gold Coin experienced a daily decline on September 6, interrupting a recent series of gains. However, the broader market trend remains bullish, supported by the price trading above key moving averages and strong momentum indicators such as the RSI and MACD. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
Track the latest Emami Gold Coin (IRR) session on Iran Market Data.