18K Gold per gram (IRR) Experiences Daily Pullback Amidst Broader Bullish Trend
18K Gold per gram in Iranian Rial (IRR) closed lower on August 15, 2026, marking a single day of decline. The asset opened at 192,077,000 IRR and reached an...
Market Summary
18K Gold per gram in Iranian Rial (IRR) closed lower on August 15, 2026, marking a single day of decline. The asset opened at 192,077,000 IRR and reached an intraday high of 192,587,000 IRR before settling at 190,794,000 IRR.
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Interactive price chart
Market Analysis
The latest session for 18K Gold per gram saw a retreat from its opening price, closing below its open. Despite this daily decline, the asset's price action over recent weeks indicates a prevailing upward trajectory. The high of 192,587,000 IRR recorded during the session established a new resistance level. Over the past month, the price has generally moved higher, recovering from a low of 178,251,000 IRR observed on July 26. The current close of 190,794,000 IRR remains significantly above this prior low. The 30-day volatility stands at approximately 1.76%.
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Technical Highlights
The market structure indicates a bullish trend, with the price of 18K Gold per gram trading above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs). The 20-day SMA is at 185,875,250 IRR, the 50-day SMA at 180,276,140 IRR, and the 200-day SMA at 183,220,449 IRR, reflecting a bullish alignment.
Momentum indicators also support the positive outlook. The Relative Strength Index (RSI) is at 61.44, indicating moderately positive momentum without being in overbought territory. The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line above its signal line and a positive histogram, reinforcing the upward momentum.
Trend strength is suggested by the Average Directional Index (ADX) at 23.12, which is above 20, implying a developing trend. The Plus Directional Indicator (+DI) at 28.45 is notably higher than the Minus Directional Indicator (-DI) at 12.67, underscoring the strength of the bullish trend. The Supertrend indicator, currently at 181,085,998 IRR with a positive direction, further confirms the prevailing uptrend as the price remains above this level.
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Conclusion
18K Gold per gram experienced a daily pullback on August 15, 2026, closing lower after reaching an intraday high. However, the broader market structure and key technical indicators continue to point towards a bullish trend. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
Track the latest 18K Gold per gram (IRR) session on Iran Market Data.