Emami Gold Coin (IRR) Sees Daily Retreat Amidst Broader Bullish Trend
On October 20, 2026, the Emami Gold Coin (IRR) closed at 2,661,300,000 IRR. This represented a daily decline from its opening price of 2,678,250,000 IRR. How...
Market Summary
On October 20, 2026, the Emami Gold Coin (IRR) closed at 2,661,300,000 IRR. This represented a daily decline from its opening price of 2,678,250,000 IRR. However, the closing price marked a gain compared to the previous session's close, extending a sequence of two consecutive up days. The coin traded within a range from a low of 2,659,100,000 IRR to a high of 2,684,400,000 IRR.
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Interactive price chart
Market Analysis
The latest session for the Emami Gold Coin saw a close of 2,661,300,000 IRR, which was below its opening price of 2,678,250,000 IRR. Despite this intraday pullback, the coin registered a gain from the prior day's close of 2,653,300,000 IRR, marking its second consecutive day of closing higher. The trading range for the day was 25,300,000 IRR, with the high reaching 2,684,400,000 IRR and the low touching 2,659,100,000 IRR.
The overall market structure for the Emami Gold Coin is identified as bullish. The current price is positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing this bullish trend across multiple timeframes. The 30-day volatility for the asset is noted at 1.56%. Key price levels include a support at 2,424,800,000 IRR and a resistance at 2,768,700,000 IRR.
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Technical Highlights
- Moving Averages: The Emami Gold Coin's price is trading above its 20-day (2,648,915,000 IRR), 50-day (2,447,968,000 IRR), and 200-day (1,993,988,750 IRR) Simple Moving Averages. This configuration typically indicates a sustained bullish trend.
- Relative Strength Index (RSI): With a 14-period RSI at 60.60, momentum remains moderately positive, staying above the neutral 50 level.
- Average Directional Index (ADX): The ADX value of 33.07 suggests a relatively strong trend is in place. The Plus Directional Indicator (+DI) at 39.16 is above the Minus Directional Indicator (-DI) at 30.98, indicating that bullish strength is currently dominant within this trend.
- MACD: While the MACD line is positive, the MACD histogram is negative at approximately -16.24 million IRR. This suggests a potential deceleration in bullish momentum or a weakening of the upward price movement.
- Aroon Oscillator: The Aroon Oscillator is at -37.50. This indicates that bearish momentum has been stronger than bullish momentum over the lookback period, presenting a contrast with the broader bullish trend indicated by moving averages.
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Conclusion
The Emami Gold Coin (IRR) recorded a daily loss from its open but extended its consecutive daily gains to two sessions. The market structure remains bullish, supported by the price trading above key moving averages. However, some momentum indicators, such as the MACD histogram and Aroon Oscillator, suggest a potential deceleration in bullish momentum or stronger bearish activity over recent periods. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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