18K Gold per gram (IRR) Pulls Back Slightly as Bullish Momentum Holds
18K Gold per gram (IRR) experienced a minor decline on September 1, 2026, closing slightly below its opening price and the previous session's close. Despite...
Market Summary
18K Gold per gram (IRR) experienced a minor decline on September 1, 2026, closing slightly below its opening price and the previous session's close. Despite this daily pullback, the asset maintains a robust bullish trend, trading significantly above its key moving averages.
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Interactive price chart
Market Analysis
The 18K Gold per gram rate opened at 222,185,000 IRR on September 1, reaching a high of 223,124,000 IRR before settling at 221,958,000 IRR. This closing price represents a marginal decrease of 227,000 IRR from the open and marks one consecutive day of decline. The session's trading range was approximately 2,673,000 IRR.
Over the past month, the asset has demonstrated substantial upward momentum, with prices advancing from 188,146,000 IRR on August 7 to the current levels. The market structure remains firmly bullish, with the price trading above its 20-day, 50-day, and 200-day simple moving averages. The current rate is approximately 1.29% below its 52-week high. A notable resistance level is identified at 224,856,000 IRR, corresponding to the highest price observed in the recent trading history.
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Technical Highlights
Several technical indicators underscore the prevailing market conditions. The 14-period Relative Strength Index (RSI) stands at 80.82, indicating that the asset is currently in overbought territory. Concurrently, the Average Directional Index (ADX) at 46.71, with the Plus Directional Indicator (+DI) significantly above the Minus Directional Indicator (-DI), confirms the presence of a strong bullish trend.
The Moving Average Convergence Divergence (MACD) shows positive momentum, with its line above the signal line and a positive histogram. Both the Supertrend and Parabolic SAR (PSAR) indicators also reinforce the uptrend, with the price trading above the Supertrend line and PSAR dots positioned below the price.
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Conclusion
In summary, 18K Gold per gram (IRR) experienced a minor daily retreat on September 1, marking a brief interruption to its recent upward trajectory. Despite this, the broader market structure remains strongly bullish, supported by the price trading above key moving averages and robust trend indicators like ADX, MACD, Supertrend, and PSAR. The Relative Strength Index, however, suggests the asset is in overbought conditions. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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