Emami Gold Coin Experiences Second Consecutive Daily Decline
Emami Gold Coin closed lower on October 12, 2026, marking its second consecutive day of declines. The asset settled at 2,635,750,000 IRR, down from its openi...
Market Summary
Emami Gold Coin closed lower on October 12, 2026, marking its second consecutive day of declines. The asset settled at 2,635,750,000 IRR, down from its opening price.
Interactive price chart
Market Analysis
On October 12, Emami Gold Coin opened at 2,665,700,000 IRR and reached an intraday high of 2,677,300,000 IRR. The price then retreated to a low of 2,635,200,000 IRR before closing at 2,635,750,000 IRR. This represented a daily loss of approximately 1.12% and extended the asset's decline to two consecutive sessions.
Despite the recent pullback, the overall trend for Emami Gold Coin remains bullish. The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, indicating a sustained upward trajectory across various timeframes. The asset is approximately 4.80% below its 52-week high, while standing significantly above its 52-week low by 67.90%. The 30-day volatility is measured at 1.52%. Key levels are identified at 2,339,800,000 IRR for support and 2,768,700,000 IRR for resistance.
Technical Highlights
Momentum indicators present a mixed picture following the recent price action. The 14-period Relative Strength Index (RSI) is at 64.59, suggesting moderately positive momentum, though it has moved lower. The Moving Average Convergence Divergence (MACD) shows its line at 103,455,966, positioned below its signal line of 108,078,309, with a negative histogram of -4,622,343. This configuration indicates a potential weakening of bullish momentum.
Trend strength remains robust, as evidenced by the 14-period Average Directional Index (ADX) at 44.49. The Plus Directional Indicator (+DI) at 50.08 is notably above the Minus Directional Indicator (-DI) at 24.29, reinforcing the prevailing bullish trend. Conversely, the Aroon Oscillator is at -66.67, with Aroon Down at 95.83 and Aroon Up at 29.17, suggesting that recent downward movement has gained strength relative to the prior upward trend.
Conclusion
Emami Gold Coin recorded its second consecutive daily decline on October 12, 2026, closing lower by 1.12%. While the broader trend remains bullish, supported by the price trading above key moving averages and strong ADX readings, some momentum indicators like MACD and Aroon suggest a recent shift or weakening in upward momentum. 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.