Bearish Tone For The Gold?
BATS:IAU iShares Gold Trust Shares of the iShares Gold Trust
After successful brake above the triangle consolidation almost everybody started buying on the evidence of renewed . However the party lasted up to yesterday, when the price of $1632 closed below long term trend ( 200-day moving average). The most case is around $1500 level. However the overall expectations for the gold support long term appreciation with target price $1950.