Emami Gold Coin Records Fourth Consecutive Daily Gain, Nears 52-Week High
The Emami Gold Coin closed at 2,590,050,000 Iranian Rial (IRR) on September 30, 2026. This marked the fourth consecutive day of gains for the asset, with the...
Market Summary
The Emami Gold Coin closed at 2,590,050,000 Iranian Rial (IRR) on September 30, 2026. This marked the fourth consecutive day of gains for the asset, with the closing price representing a 1.57% increase from the previous session's close. Intraday, the coin opened at 2,600,050,000 IRR, reached a high of 2,620,100,000 IRR, and a low of 2,589,800,000 IRR before settling slightly below its opening price.
Interactive price chart
Market Analysis
Emami Gold Coin maintained a bullish trend, recording its highest close in the last 30 days. The asset's closing price on September 30 was approximately 1.15% away from its 52-week high, indicating a strong upward trajectory. The coin has also demonstrated significant strength relative to its long-term performance, trading over 64% above its 52-week low.
The current price of the Emami Gold Coin is positioned above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs), further reinforcing the prevailing bullish market structure. The session's high of 2,620,100,000 IRR now stands as the immediate resistance level, while support is identified at 2,309,800,000 IRR. The 30-day volatility for the asset was recorded at 1.59%.
Technical Highlights
Momentum indicators suggest that the Emami Gold Coin is currently in an extended phase. The 14-period Relative Strength Index (RSI) registered 75.84, while the Williams %R (WillR) stood at -9.68, with both values indicating overbought conditions.
The Moving Average Convergence Divergence (MACD) shows a positive reading, with the MACD line above its signal line and a positive histogram, confirming bullish momentum in the market.
Trend strength is robust, as indicated by the Average Directional Index (ADX) at 35.37. The Plus Directional Indicator (+DI) at 65.13 significantly outweighs the Minus Directional Indicator (-DI) at 20.71, underscoring the strength of the current uptrend.
Price action relative to Bollinger Bands shows the Emami Gold Coin trading above its upper Bollinger Band, suggesting that the price has moved significantly higher than its recent average.
The Supertrend indicator also confirms the uptrend, with the price trading above the Supertrend line, further supporting the bullish market sentiment.
Conclusion
Emami Gold Coin has demonstrated a strong bullish trend, marked by four consecutive daily gains and its highest close in 30 days, placing it near its 52-week high. While momentum indicators suggest overbought conditions and the price is trading above its upper Bollinger Band, the overall trend strength remains significant. 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.