18K Gold per gram (IRR) Experiences Daily Decline Amidst Bullish Trend
18K Gold per gram in Iranian Rial (IRR) closed lower on July 23, 2026, ending a two-day advance. The precious metal opened at its daily high of 190,032,000 I...
Market Summary
18K Gold per gram in Iranian Rial (IRR) closed lower on July 23, 2026, ending a two-day advance. The precious metal opened at its daily high of 190,032,000 IRR before retreating to close at 188,554,000 IRR, marking a daily loss. This session represents the first consecutive down day after two sessions of gains.
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Interactive price chart
Market Analysis
The latest trading session for 18K Gold per gram saw prices open at 190,032,000 IRR, which also marked the session's high. The price subsequently declined, reaching a low of 187,601,000 IRR before settling at a closing price of 188,554,000 IRR. This movement resulted in a daily decrease from the opening level and followed two consecutive days of price increases.
Despite the daily pullback, the overall market structure for 18K Gold per gram remains bullish. The price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing upward trend across different timeframes. The 30-day volatility for the instrument is approximately 2.31%. Key price levels are identified with support at 166,778,000 IRR and resistance at 191,456,000 IRR, the latter representing a recent high observed on July 18.
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Technical Highlights
Several technical indicators provide further insight into the current market dynamics for 18K Gold per gram:
- Moving Averages: The current closing price of 188,554,000 IRR is positioned above the 20-day SMA of 180,183,500 IRR, the 50-day SMA of 176,542,536 IRR, and the 200-day SMA of 171,903,754 IRR, indicating a sustained bullish trend.
- Momentum: The 14-period Relative Strength Index (RSI) is at 60.43, suggesting moderately positive momentum. Concurrently, the Moving Average Convergence Divergence (MACD) is positive at 3,816,911 IRR and remains above its signal line of 2,688,741 IRR, with a positive histogram, reinforcing the presence of bullish momentum.
- Trend Strength: The Average Directional Index (ADX) stands at 27.27, indicating a relatively strong trend. The Plus Directional Indicator (+DI) at 35.59 is notably higher than the Minus Directional Indicator (-DI) at 17.36, suggesting that positive directional movement is dominant.
- Trend Following: The Supertrend indicator is at 176,664,241 IRR with a direction of 1.0, which confirms an active uptrend.
- Potential Reversal Signal: The Parabolic SAR (PSAR) is currently at 190,966,416 IRR with a direction of -1.0. This indicates that the price has moved below the PSAR, potentially signaling a short-term downward shift or a pause in the prevailing uptrend.
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Conclusion
18K Gold per gram experienced a daily decline on July 23, closing below its opening price and marking a single consecutive down day. Despite this short-term pullback, the broader market structure remains bullish, with the price trading above key moving averages. Momentum indicators like RSI and MACD support a positive outlook, while ADX confirms a strong trend. However, the PSAR suggests a potential short-term reversal. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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