18K Gold per gram (IRR) Holds Bullish Trend Despite Daily Decline

Market Summary

18K Gold per gram in Iranian Rial (IRR) registered a marginal decline on August 9, 2026, closing slightly lower than its opening price. The asset traded within a notable daily range, yet the net change for the session was minimal, marking one consecutive day of decline.

Market Analysis

The 18K Gold per gram instrument closed at 188,093,000 IRR on August 9, a slight decrease from the previous session's close of 188,146,000 IRR. The trading session saw the price open at 188,150,000 IRR, reach a high of 188,848,000 IRR, and touch a low of 185,985,000 IRR. This indicates a relatively wide intraday range of approximately 2,863,000 IRR.

Despite the daily dip, 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, indicating a sustained upward bias over various timeframes. The asset is positioned significantly above its 52-week low, approximately 67% higher, though it remains about 16% below its 52-week high. Key resistance for the instrument is identified at 191,271,000 IRR, while support is noted at 178,251,000 IRR.

Technical Highlights

Momentum indicators present a mixed picture for 18K Gold per gram. The 14-period Relative Strength Index (RSI) stands at 58.31, suggesting positive momentum as it remains above the neutral 50 level. However, the MACD histogram, at -54,218.32, indicates that the MACD line has crossed below its signal line, signaling a recent weakening of bullish momentum.

In the short term, the Stochastic RSI shows overbought conditions, with both its K and D lines well above 80, at 96.21 and 84.37 respectively. The Average Directional Index (ADX) is at 20.35, which suggests that the trend strength is not particularly robust. Nevertheless, the Plus Directional Indicator (+DI) at 25.76 is notably above the Minus Directional Indicator (-DI) at 15.03, indicating that buyers currently maintain dominance. Further supporting the uptrend, the Aroon Oscillator is at 37.50, with Aroon Up significantly higher than Aroon Down, reinforcing the presence of an underlying uptrend.

Conclusion

18K Gold per gram (IRR) experienced a minor daily decline on August 9, 2026, closing slightly lower after a session of moderate volatility. The instrument continues to exhibit a bullish trend, with prices holding above key moving averages. While momentum indicators like the RSI remain positive and Aroon confirms an uptrend, some short-term technical signals, such as the MACD histogram and Stochastic RSI, suggest a recent moderation of bullish strength or overbought conditions. The available market data alone do not indicate the underlying cause of the observed price movement.

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