18K Gold per gram (IRR) Extends Gains With Two Consecutive Positive Sessions
18K Gold per gram (IRR) finished the latest session higher, recording its second consecutive day of gains. The session opened at 255,790,000 IRR, reached a h...
Market Summary
18K Gold per gram (IRR) finished the latest session higher, recording its second consecutive day of gains. The session opened at 255,790,000 IRR, reached a high of 259,026,000 IRR, matched its opening level at the low of 255,790,000 IRR, and closed at 258,133,000 IRR.
Interactive price chart
Market Analysis
Price action over the latest sessions reflects a short-term recovery following recent volatility, positioning the asset with a recorded market trend of "Bullish." The session's range expanded from a low matching the opening price up to the daily high, closing comfortably above the session low.
Reviewing the broader trading history, the market remains below its 52-week high by approximately 5.48%, while holding a substantial distance of over 66% above its 52-week low. The current price resides below the 20-day simple moving average of 261,601,600 IRR, but maintains a position above both the 50-day simple moving average of 251,895,740 IRR and the 200-day simple moving average of 201,411,719 IRR.
Technical Highlights
Momentum indicators provide mixed context for the ongoing price action. The 14-day Relative Strength Index (RSI) registers at 50.14, reflecting a neutral momentum state right at the midline.
The Average Directional Index (ADX) stands at 26.23, indicating a present trend strength, while the directional indicators show a minus DI at 32.27 outpacing the plus DI at 25.93. The Moving Average Convergence Divergence (MACD) indicator records a MACD line at 1,767,673 alongside a signal line of 3,700,570, resulting in a negative MACD histogram value of -1,932,897.
Conclusion
The market data records a bullish trend structure backed by two consecutive up days and positioning above key medium and long-term moving averages, despite trading under the 20-day simple moving average. 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.