18K Gold per gram (IRR) Pulls Back as Momentum Indicators Diverge

Market Summary

18K Gold per gram (IRR) closed lower on October 17, 2026, marking a daily decline after two consecutive sessions of gains. The instrument opened at 262,558,000 IRR and reached an intraday high of 263,066,000 IRR before closing at 261,822,000 IRR. The session's low was recorded at 261,545,000 IRR.

Market Analysis

Despite the daily pullback, the overall market structure for 18K Gold per gram remains bullish. The current price trades above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing upward trend. The asset is positioned relatively close to its 52-week high, approximately 2.46% away, while being significantly distant from its 52-week low. Over the past 30 days, the instrument has exhibited a volatility of approximately 1.29%. The session on October 17 saw the price trade within a range of 1,521,000 IRR.

Technical Highlights

Several technical indicators offer insights into the current market dynamics:

• Moving Averages: The price of 18K Gold per gram is trading above its 20-day Simple Moving Average (256,986,750 IRR), 50-day SMA (239,705,280 IRR), and 200-day SMA (195,522,244 IRR), which collectively support the bullish market structure.
• RSI: The 14-period Relative Strength Index (RSI) stands at 64.00, indicating positive momentum.
• ADX: The 14-period Average Directional Index (ADX) is at 46.47, suggesting a strong trend is in place. This is further supported by the Plus Directional Indicator (+DI) at 38.04, which is notably above the Minus Directional Indicator (-DI) at 19.29.
• MACD: The Moving Average Convergence Divergence (MACD) histogram is negative at -1,235,032.52, with the MACD line positioned below its signal line. This configuration suggests a recent weakening of bullish momentum.
• PSAR and Aroon: The Parabolic SAR (PSAR) indicates a bearish reversal signal, with the PSAR value (266,800,815 IRR) currently above the closing price. Concurrently, the Aroon Down indicator is at 100.0, and the Aroon Oscillator is at -62.5, suggesting recent downward price movement.

Conclusion

18K Gold per gram experienced a daily decline on October 17, interrupting a short series of gains. While the broader market structure remains bullish, supported by price trading above key moving averages and a strong trend indicated by ADX, some momentum indicators such as MACD, PSAR, and Aroon suggest a recent weakening of bullish momentum or a shift towards bearish signals. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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