18K Gold per gram (IRR) Extends Bullish Trend, RSI Signals Overbought Conditions
18K Gold per gram (IRR) closed slightly higher on October 8, 2026, posting a modest gain after a daily decline on October 7. This recent price action follows...
Market Summary
18K Gold per gram (IRR) closed slightly higher on October 8, 2026, posting a modest gain after a daily decline on October 7. This recent price action follows an eight-day consecutive advance that concluded on October 6, during which the asset reached a 52-week high.
Interactive price chart
Market Analysis
On October 8, 18K Gold per gram opened at 262,789,000 IRR and closed at 263,071,000 IRR. The session saw a high of 264,151,000 IRR and a low of 262,235,000 IRR. This slight upward movement comes after the price retreated from 267,383,000 IRR on October 7, interrupting a notable eight-day streak of gains that began on September 29. During this period, the price climbed from 244,014,000 IRR to 267,383,000 IRR.
The overall trend for 18K Gold per gram remains bullish. The asset is trading above its 20-day, 50-day, and 200-day simple moving averages, reinforcing the prevailing upward trajectory. The price is currently less than 2% below its 52-week high of 268,422,000 IRR, recorded on October 6. Identified resistance stands at 268,422,000 IRR, while a key support level is observed at 232,109,000 IRR. The 30-day volatility for the asset is approximately 1.45%.
Technical Highlights
Momentum indicators suggest the asset is currently in overbought territory, with the 14-period Relative Strength Index (RSI) registering 72.17. The Moving Average Convergence Divergence (MACD) indicates positive momentum, as the MACD line is above its signal line, and the histogram remains positive.
The Average Directional Index (ADX) at 52.88 points to a strong trend. The Plus Directional Indicator (+DI) of 42.78 significantly outweighs the Minus Directional Indicator (-DI) of 13.19, confirming the strength of the upward trend. Furthermore, the Supertrend indicator, currently at 252,229,510 IRR, continues to signal an uptrend, with the price trading above this level.
Conclusion
18K Gold per gram (IRR) concluded the October 8 session with a marginal gain, following a recent interruption to an extended period of consecutive advances. The asset maintains a bullish trend, supported by its position above key moving averages and strong trend indicators. However, the RSI 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
Track the latest 18K Gold per gram (IRR) session on Iran Market Data.