18K Gold per gram (IRR) Sees Daily Decline Amidst Broader Bullish Trend

Market Summary

18K Gold per gram (IRR) closed lower on September 21, 2026, ending a two-day streak of gains. The instrument opened the session at its daily high before experiencing a decline, settling near its intraday low.

Market Analysis

On September 21, 18K Gold per gram (IRR) opened at 241,248,000 IRR, which also marked its session high. The price subsequently fell to a low of 236,911,000 IRR before closing at 237,072,000 IRR. This represents a daily decline from the opening price and marks the first consecutive down day after two sessions of upward movement.

Despite the intraday and daily decline, the overall market structure for 18K Gold per gram (IRR) is identified as bullish. The current closing price remains above its 20-day, 50-day, and 200-day Simple Moving Averages, which are 233,677,200 IRR, 209,583,220 IRR, and 189,477,429 IRR, respectively. The instrument is trading approximately 3.21% below its 52-week high, while being significantly above its 52-week low by about 69.48%. Key resistance is observed at 244,944,000 IRR, with support at 217,224,000 IRR.

Technical Highlights

Several technical indicators provide insight into the current market dynamics. The Average Directional Index (ADX) at 46.83 indicates a strong underlying trend, with the Plus Directional Indicator (+DI) of 42.75 significantly higher than the Minus Directional Indicator (-DI) of 17.97, suggesting dominant positive directional movement.

Momentum, as measured by the 14-day Relative Strength Index (RSI), stands at 62.89, indicating moderately positive momentum above the neutral 50 level. Trend-following indicators like Supertrend and Parabolic SAR (PSAR) also reinforce the bullish outlook, with the price trading above both the Supertrend level of 227,140,419 IRR and the PSAR level of 231,347,480 IRR.

However, some indicators suggest a potential shift in short-term momentum. The Moving Average Convergence Divergence (MACD) histogram is negative at -1,263,926, implying that the MACD line has crossed below its signal line, which could signal a weakening of bullish momentum. Furthermore, the Aroon Oscillator is at -95.83, with Aroon Down at 100.0 and Aroon Up at 4.17, indicating that recent lows have been made more recently than new highs, which contrasts with the broader bullish trend.

Conclusion

18K Gold per gram (IRR) experienced a daily decline on September 21, 2026, following two consecutive days of gains. Despite this session's pullback, the broader market trend remains bullish, supported by the price trading above key moving averages and strong trend indicators such as ADX, Supertrend, and PSAR. However, the negative MACD histogram and the Aroon Oscillator's reading suggest a potential weakening of short-term bullish momentum or recent downward pressure. The available market data alone do not indicate the underlying cause of the observed price movement.

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