Emami Gold Coin Posts Daily Gain as Bullish Trend Holds
On September 16, 2026, the Emami Gold Coin closed at 2,340,100,000 IRR, marking a gain from the previous session's close. The coin opened at 2,349,800,000 IR...
Market Summary
On September 16, 2026, the Emami Gold Coin closed at 2,340,100,000 IRR, marking a gain from the previous session's close. The coin opened at 2,349,800,000 IRR, reaching an intraday high of 2,350,100,000 IRR before retreating to close below its opening price. The broader market structure for the Emami Gold Coin indicates a bullish trend.
Interactive price chart
Market Analysis
The Emami Gold Coin commenced the trading session at 2,349,800,000 IRR, briefly touching an intraday high of 2,350,100,000 IRR. The price subsequently declined to an intraday low of 2,339,800,000 IRR, ultimately settling at 2,340,100,000 IRR at the close. Despite closing lower than its opening price for the day, the coin registered a gain compared to the previous session's close of 2,314,850,000 IRR, extending its upward movement for one consecutive day.
The overall market trend for Emami Gold Coin is identified as bullish. This is reinforced by the current price trading above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs), which stand at 2,294,272,500 IRR, 2,053,349,000 IRR, and 1,917,594,750 IRR, respectively. The coin is approximately 4.1% below its 52-week high, while remaining significantly above its 52-week low by about 58.1%. The 30-day volatility for the Emami Gold Coin is approximately 1.84%.
Technical Highlights
Several technical indicators provide further insight into the Emami Gold Coin's market posture:
- Trend Confirmation: The coin's price trading above its 20-day, 50-day, and 200-day Simple Moving Averages reinforces the prevailing bullish trend. The Supertrend indicator also confirms an uptrend, with the price above its current level of 2,282,590,663 IRR.
- Trend Strength: The Average Directional Index (ADX) is at 41.25, indicating a strong trend. This is further supported by the Plus Directional Indicator (+DI) of 50.62 significantly outweighing the Minus Directional Indicator (-DI) of 27.66, suggesting robust buying pressure.
- Momentum: The Relative Strength Index (RSI) is at 63.43, positioning it above the neutral 50 level and indicating positive momentum.
- Momentum Divergence: The Moving Average Convergence Divergence (MACD) shows its line below the signal line, with a negative histogram of -12,995,447 IRR. This suggests a recent deceleration in bullish momentum.
- Potential Reversal Signal: The Parabolic SAR (PSAR) is currently positioned above the price at 2,426,880,985 IRR, indicating a bearish direction for the indicator and potentially signaling a short-term reversal or a pause in the upward movement.
Conclusion
The Emami Gold Coin recorded a daily gain on September 16, 2026, maintaining its overall bullish trend. The price remains supported by key moving averages, and trend strength indicators like ADX confirm a robust upward movement. However, some momentum indicators, such as MACD and PSAR, suggest a recent easing of bullish momentum or a potential short-term reversal. 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.