Emami Gold Coin (IRR) Records Second Consecutive Daily Decline

Market Summary

Emami Gold Coin closed lower for the second consecutive session on October 18, 2026. The asset settled at 2,641,900,000 Iranian Rial (IRR), marking a decline from the previous day's close.

Market Analysis

On October 18, Emami Gold Coin opened at 2,623,800,000 IRR and reached an intraday high of 2,657,900,000 IRR before closing at 2,641,900,000 IRR. The session's low was 2,613,300,000 IRR.

The latest closing price represents a second consecutive daily decline, following the previous session's close of 2,659,750,000 IRR. Over the past two sessions, the asset has recorded lower highs and lower lows, with the high on October 18 at 2,657,900,000 IRR, below the prior day's high of 2,688,700,000 IRR. Similarly, the low of 2,613,300,000 IRR on October 18 was below the previous low of 2,659,400,000 IRR.

Despite these recent declines, the overall market structure indicates a bullish trend. The price remains above its 20-day, 50-day, and 200-day Simple Moving Averages, which are at 2,622,682,500 IRR, 2,423,388,000 IRR, and 1,986,591,250 IRR, respectively. The asset is currently approximately 4.6% below its 52-week high, while being significantly above its 52-week low. Key resistance is identified at 2,768,700,000 IRR, with support at 2,379,800,000 IRR.

Technical Highlights

Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) is at 58.86, suggesting moderately positive momentum, remaining above its neutral level of 50. However, the Moving Average Convergence Divergence (MACD) histogram is negative at -15,482,136 IRR, indicating that the MACD line has crossed below its signal line, signaling recent bearish momentum.

The Average Directional Index (ADX) at 36.52 points to a strong trend. The Plus Directional Indicator (+DI) at 39.58 is above the Minus Directional Indicator (-DI) at 34.73, suggesting that the underlying strong trend has an upward directional bias.

Conversely, the Supertrend indicator is positioned above the current price at 2,740,437,878 IRR, and the Parabolic SAR (PSAR) is also above the price at 2,753,623,896 IRR, both suggesting a short-term downtrend. Further supporting a recent shift, the Aroon Down indicator at 95.83 is significantly higher than Aroon Up at 50.0, which typically indicates a strengthening downtrend over the observed period.

Conclusion

Emami Gold Coin experienced a second consecutive daily decline on October 18, with lower highs and lower lows observed over the past two sessions. While the broader market structure and price relative to key moving averages maintain a bullish trend, several short-term technical indicators, including MACD histogram, Supertrend, PSAR, and Aroon, suggest a recent shift towards bearish momentum or a corrective phase. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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