The IAU has treated me well through this Brexit vote. I entered back on May the 10th at $12.21, and I'm looking to take profit around the $13.10 mark, which would be about a 7.5% move to the upside.
If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll ...
IAU has broken the support line twice, but this third time (which is also telling, since it's #3), may endorse a new move down if it can't close above the support and/or start tomorrow's day above the line.
Dear Traders,
As this iShare Gold Trust (IAU) mimics the actual Gold Futures price identically, i thought i see sometime in this monthly chart. IAU is right in the downtrend channel and consolidating in a symmetrical triangle fashion. Very soon, a breakout either on the upside or downside is going to happen.
I am more bearish as according to textbook technical ...
Here i present a chart i just did, to help me understand the gold situation. I think that this cup pattern isn't a perfect cup pattern, so it might seem possible for it to fail. Even if it fails, it can show us that some people want the gold to bounce back and that's important. But for now fundamentals and technicals aren't perfect and the public doesn't seem to ...
