18K Gold per gram (IRR) Registers Daily Loss as Long-Term Bullish Trend Persists

Market Summary

18K Gold per gram (IRR) concluded the trading session on October 11, 2026, with a decline, marking its first consecutive down day. The asset opened at its daily high, indicating immediate downward pressure throughout the session.

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Market Analysis

On October 11, 18K Gold per gram (IRR) closed at 262,978,000 IRR, a decrease from its opening price of 264,959,000 IRR. The session's high matched its open, suggesting a lack of upward momentum from the start of trading. The low for the day was recorded at 262,466,000 IRR.

Despite this daily pullback, the broader market structure for 18K Gold per gram (IRR) remains bullish. The price continues to trade above its key moving averages, including the 20-day Simple Moving Average (SMA) at 251,604,900 IRR, the 50-day SMA at 232,841,280 IRR, and the 200-day SMA at 194,044,114 IRR. The current price is approximately 2% below its 52-week high, while being significantly above its 52-week low. The 30-day volatility for the asset stands at 1.43%. Key resistance for 18K Gold per gram (IRR) is identified at 268,422,000 IRR, with a support level at 233,616,000 IRR.

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Technical Highlights

Momentum indicators suggest a continued positive bias despite the daily decline. The 14-period Relative Strength Index (RSI) is at 69.76, indicating strong positive momentum, though nearing the overbought threshold. The Average Directional Index (ADX) stands at 53.05, signaling a very strong underlying trend. This is further supported by the Plus Directional Indicator (42.16) significantly outweighing the Minus Directional Indicator (13.01).

The Moving Average Convergence Divergence (MACD) shows the MACD line (9,676,407) above its signal line (9,543,820), with a positive histogram (132,586), which typically suggests ongoing bullish momentum. Both the Parabolic SAR (PSAR) and Supertrend indicators are positioned below the current price, at 258,384,110 IRR and 252,229,510 IRR respectively, reinforcing the bullish trend direction. The Aroon Oscillator, at -75.0, with Aroon Down at 91.67 and Aroon Up at 16.67, suggests that a recent low occurred more recently than a recent high, potentially reflecting the short-term price consolidation within the broader bullish context.

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Conclusion

18K Gold per gram (IRR) experienced a daily decline, closing lower after opening at its high for the session. Despite this short-term pullback, the broader market structure and several technical indicators confirm a strong bullish trend, with the price holding above key moving averages and momentum remaining positive. The available market data alone do not indicate the underlying cause of the observed price movement.

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