18K Gold per gram Records Third Consecutive Daily Decline
18K Gold per gram experienced a notable decline on September 13, 2026, closing lower for the third consecutive session. The asset opened at its daily high, i...
Market Summary
18K Gold per gram experienced a notable decline on September 13, 2026, closing lower for the third consecutive session. The asset opened at its daily high, indicating immediate downward pressure throughout the trading period.
Interactive price chart
Market Analysis
On September 13, 18K Gold per gram opened at 239,171,000 IRR, which also marked its session high. The price subsequently fell to a low of 234,441,000 IRR before closing at 234,768,000 IRR. This daily performance represents a significant drop from the open and extends the asset's losing streak to three consecutive days.
Over the past three sessions, the price has established a pattern of lower highs and lower lows, moving away from the recent resistance level of 243,672,000 IRR. Despite this short-term pullback, the broader market structure for 18K Gold per gram remains bullish. The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages. The current price is approximately 3.65% below its 52-week high, while remaining substantially above its 52-week low.
Technical Highlights
Several technical indicators provide a mixed view of the current market. The Average Directional Index (ADX) at 53.25 indicates strong trend strength, with the Plus DI (42.74) significantly above the Minus DI (18.62), suggesting an underlying upward directional bias despite recent declines.
Momentum, as measured by the 14-period Relative Strength Index (RSI), remains moderately positive at 66.67, staying above its neutral level. However, the Aroon Oscillator, at -87.50, with Aroon Down at 95.83 and Aroon Up at 8.33, strongly signals a recent downward trend, aligning with the three consecutive days of losses.
The price is trading above its 20-day SMA of 225,986,400 IRR, its 50-day SMA of 202,689,860 IRR, and its 200-day SMA of 187,863,804 IRR, reinforcing the broader bullish market structure. In contrast, the Parabolic SAR (PSAR) has flipped to a bearish signal, with its value at 243,672,000 IRR positioned above the current price, suggesting a short-term downtrend. This contrasts with the Supertrend indicator, which still points to an upward trend with its line at 226,724,568 IRR.
Furthermore, the Stochastic RSI K and D lines, at 9.98 and 24.55 respectively, are both below 20, suggesting that the asset is in oversold territory on a short-term basis, which could imply exhaustion of the recent selling pressure.
Conclusion
18K Gold per gram experienced a notable daily decline on September 13, extending its losing streak to three consecutive sessions. While short-term indicators like Aroon and PSAR point to recent downward movement, the broader market structure and key moving averages continue to support a bullish trend. Momentum indicators like RSI remain positive, but StochRSI suggests short-term oversold conditions. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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