18K Gold per gram (IRR) Closes Lower, Long-Term Bullish Trend Holds
18K Gold per gram (IRR) concluded the trading session on September 23, 2026, lower, marking a single day of decline. The asset opened at 239,397,000 IRR, whi...
Market Summary
18K Gold per gram (IRR) concluded the trading session on September 23, 2026, lower, marking a single day of decline. The asset opened at 239,397,000 IRR, which also represented its session high, before retreating to close at 237,659,000 IRR. The session's low was recorded at 234,648,000 IRR.
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Interactive price chart
Market Analysis
Despite today's decline, the overall market structure for 18K Gold per gram remains bullish. The price is currently trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trend. The asset is also positioned relatively close to its 52-week high, approximately 3% below this level, while remaining significantly distant from its 52-week low.
The trading session on September 23 saw the price open at its highest point, indicating an immediate downward movement from the open. The session's range, from high to low, spanned approximately 4.75 million IRR. Key resistance is identified at 244,944,000 IRR, with support at 220,451,000 IRR. Volatility over the last 30 days stands at 1.82%.
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Technical Highlights
Several technical indicators provide further insight into the current market dynamics for 18K Gold per gram.
The Relative Strength Index (RSI), at 62.2, suggests moderately positive momentum, remaining above its neutral 50 level without entering overbought territory.
The Average Directional Index (ADX), at 45.6, indicates a strong underlying trend. This is further supported by the Plus Directional Indicator (+DI) at 38.2, which is notably higher than the Minus Directional Indicator (-DI) at 19.0, confirming the strength of the prevailing upward movement.
However, the Moving Average Convergence Divergence (MACD) shows signs of weakening upward momentum, with its histogram registering a negative value of -1,321,553 and the MACD line positioned below its signal line.
The Aroon Oscillator presents a contrasting view, with a strongly negative reading of -83.3. This is driven by Aroon Down (95.8) being significantly higher than Aroon Up (12.5), suggesting recent short-term downward pressure despite the longer-term bullish trend indicated by other metrics.
The Supertrend and Parabolic SAR (PSAR) indicators both signal a bullish trend, with the price trading above both their respective levels.
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Conclusion
18K Gold per gram experienced a daily loss on September 23, closing lower after opening at its session high. While the overall market trend remains bullish, supported by the price trading above key moving averages and a strong ADX reading, some momentum indicators like MACD and Aroon suggest a recent weakening of upward momentum or short-term downward pressure. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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