jab47220

IAU gold ETF reversal ?

AMEX:IAU   ISHARES GOLD TRUST
Weekly chart looks promising. The MA of 50 and 200 weeks have crossed for first time since 2005 (beginning of my chart) and they are heading away from each other a little less than 30 degrees. Could turn into a failed reversal, but something to keep an eye on. If this an upward trend starting it could be a steep climb up the chart. Who knows with precious metals and the daily's don't look as promising. Just an interesting weekly chart observation. Good luck everyone. Thoughts ?

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