IAU gold ETF reversal ?

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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