Emami Gold Coin Reaches New High, Extends Bullish Trend

Market Summary

The Emami Gold Coin (IRR) closed at 2,550,100,000 IRR on September 29, 2026, marking a new 30-day high and reaching its 52-week high. The asset recorded its third consecutive day of gains, with the closing price matching the session's high.

Market Analysis

On September 29, the Emami Gold Coin opened at 2,510,050,000 IRR, traded within a range of 2,509,800,000 IRR to 2,550,100,000 IRR, and closed at the session's high of 2,550,100,000 IRR. This performance represents a notable daily increase from the previous close of 2,469,850,000 IRR on September 28.

The market structure indicates a clear bullish trend. The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the upward trajectory. The Emami Gold Coin has now posted three consecutive days of gains, culminating in the highest close observed in the last 30 days and reaching its 52-week high. The 30-day volatility stands at approximately 1.72%. Immediate resistance is identified at the current closing price of 2,550,100,000 IRR, while support is noted at 2,289,800,000 IRR.

Technical Highlights

Several technical indicators support the observed bullish momentum:

• The Relative Strength Index (RSI) is at 73.76, indicating strong upward momentum and approaching overbought conditions.
• The Moving Average Convergence Divergence (MACD) shows a positive histogram of 1,976,772 IRR, with the MACD line above its signal line, suggesting continued bullish momentum.
• The Average Directional Index (ADX) is at 34.11, with the Plus Directional Indicator (+DI) at 60.71 significantly above the Minus Directional Indicator (-DI) at 23.33. This configuration points to a strong trend with a clear bullish directional bias.
• The price closed at the upper Bollinger Band (2,550,100,000 IRR vs. 2,491,169,373 IRR), indicating strong upward pressure pushing the price to the top of its recent volatility range.
• The Supertrend indicator confirms a bullish trend, with the price trading above the Supertrend line of 2,399,725,492 IRR.

Conclusion

The Emami Gold Coin (IRR) demonstrated significant strength, closing at a new 30-day and 52-week high of 2,550,100,000 IRR. The asset extended its bullish trend with three consecutive days of gains, supported by technical indicators such as the RSI, MACD, ADX, and Supertrend, all pointing to strong upward momentum and a robust trend. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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