Emami Gold Coin (IRR) Records Daily Decline, Trades Below Short-Term Average

Market Summary

The Emami Gold Coin (IRR) experienced a notable decline on October 31, 2026, closing at 2,589,850,000 IRR. This marks the second consecutive day of losses for the asset, with the session's low reaching 2,581,900,000 IRR.

Market Analysis

The Emami Gold Coin opened the session at 2,631,650,000 IRR, briefly touching a high of 2,631,800,000 IRR before a significant downturn. The closing price of 2,589,850,000 IRR represents a decline from the open, indicating bearish pressure throughout the day. This latest session extends a pattern of two consecutive down days.

The current price is trading below its 20-day Simple Moving Average (SMA20) of 2,663,185,000 IRR, suggesting a short-term shift in momentum. However, the coin remains positioned above its longer-term averages, specifically the SMA50 at 2,532,549,000 IRR and the SMA200 at 2,030,299,250 IRR, which could indicate a broader bullish trend despite recent weakness. The asset is approximately 6.46% below its 52-week high and significantly above its 52-week low by about 64.98%. Identified support for the Emami Gold Coin stands at 2,574,500,000 IRR, while resistance is observed at 2,756,200,000 IRR.

Technical Highlights

Several technical indicators reflect the recent price action:

• Moving Averages: The Emami Gold Coin's closing price is below its 20-day SMA, signaling short-term bearishness. However, its position above the 50-day and 200-day SMAs suggests that the longer-term trend remains positive.
• MACD: The Moving Average Convergence Divergence (MACD) shows its line at 32,914,719 IRR, below its signal line of 51,533,549 IRR. The negative MACD histogram of -18,618,829 IRR indicates a prevailing bearish momentum.
• Bollinger Bands: The price has moved below the Bollinger Bands' middle line (2,663,185,000 IRR) and is now trading near the lower band (2,590,797,148 IRR), suggesting downward pressure within the recent volatility range.
• ADX and Directional Movement: The Average Directional Index (ADX) is at 22.35, which is below 25, implying that the current trend lacks strong directional conviction. However, the Minus Directional Indicator (Minus DI) at 36.76 is notably higher than the Plus Directional Indicator (Plus DI) at 27.41, indicating that bearish pressure is more dominant.

Conclusion

The Emami Gold Coin experienced a daily decline on October 31, extending a two-day losing streak. While short-term indicators like the MACD and price relative to the 20-day SMA suggest bearish momentum, the coin remains above its longer-term moving averages. The ADX indicates a weak trend, but directional indicators point to prevailing bearish pressure. 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.