18K Gold per gram (IRR) Sees Daily Drop as Momentum Signals Diverge

Market Summary

On September 26, 2026, the price of 18K Gold per gram in Iranian Rial (IRR) concluded the session lower, settling at 238,298,000 IRR. The instrument opened at its daily high of 241,237,000 IRR, indicating immediate downward pressure throughout the trading day. This marks a single day of decline following an upward movement in the previous session.

Market Analysis

The 18K Gold per gram instrument experienced a notable daily retreat, with its closing price representing a decrease from its opening price. The session's high matched its opening, suggesting that prices faced resistance from the outset, leading to a decline towards the daily low of 237,610,000 IRR.

Despite the day's decline, the broader market structure for 18K Gold per gram is identified as bullish. The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing this upward trend. The instrument is currently trading approximately 2.7% below its 52-week high of 244,944,000 IRR, indicating its proximity to recent peak levels. Over the past month, the instrument recorded a sequence of five consecutive daily declines between September 12 and September 15, before resuming an upward trajectory.

Technical Highlights

Several technical indicators provide insight into the current market dynamics. The Average Directional Index (ADX) at 44.63 signals a strong trend is present, with the Plus Directional Indicator (+DI) of 37.76 notably above the Minus Directional Indicator (-DI) of 16.79, suggesting a strong underlying bullish direction. Momentum, as measured by the 14-period Relative Strength Index (RSI), remains moderately positive at 60.79, staying above its neutral threshold.

However, the Moving Average Convergence Divergence (MACD) indicator shows a potential shift, with the MACD line positioned below its signal line, and the histogram registering a negative value of -1,267,239.09. This configuration typically suggests a weakening of upward momentum. Furthermore, the Aroon indicator presents a conflicting signal; while the Aroon Up is at 20.83, the Aroon Down is at 100.0, which would typically indicate a strong downtrend, contrasting with the overall bullish trend observed through other metrics. The Supertrend and Parabolic SAR (PSAR) indicators both maintain a bullish stance, with the price trading above their respective levels.

Conclusion

18K Gold per gram (IRR) concluded the September 26 session with a daily decline, opening at its high and closing near its low. This short-term pullback occurred within an identified broader bullish trend, supported by the price remaining above key moving averages and a strong ADX reading. However, some momentum indicators, such as the MACD and Aroon, suggest a weakening of upward momentum or present conflicting signals. The available market data alone do not indicate the underlying cause of the observed price movement.

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