iShares Gold Trust Shares of the iShares Gold Trust IAU

forexpana

I am using the IAU ETF as my trading instrument to represent the Gold spot market. Looking at the Fibonacci retracement starting from the 2016 low of $20.44 and extending to the August 2020 high of $39.14, we see that the top two retracement levels are in play. The 38.2% level tends to be the most common for handy support and resistance levels. We saw price...

forexpana

Gold has been working very well with Fibonacci retracements following the bullish trend starting in 2016

swimmax

We didn't expect this type of move on IAU (we expected a return to 21 really) but welcome now we can almost retire. Still searching for news if anyone has any on IAU it would be welcome.

b6d1016fdeb149be865b678a8ac935

IAU

vik0q

maybe we close pivot 16.9 next week

conradkz

I scaled back my gold and put that money into Ethereum several weeks ago. Gold has been working its way down and although is showing signs of life (along with silver), it doesn't yet pose a big opportunity. I'll be watching the current up-tick to see whether we break out of the channel permanently, or whether we then resume down back down into the channel.

conradkz

I've been holding onto gold far too long in this downward trend (the last time we appeared to be breaking out of the channel). I've been scaling back on this downward trend line. Gold and Silver have to reverse at some point right? Not so far they haven't. There is a lot of chatter about a 'long overdue' reversal in gold and continuation up, but at what...

Electrified

What would you do? There seems to be heavy resistance at 18.50 and no real exciting support until 16.50. The previous stimulus checks don't seem to have really moved the price of gold. Where's the inflation? Normalized by DXY:

SimeonJohnson

The decline in the gold-silver spread.

maffex

iShares Gold Trust (IAU) is a passively managed ETF that seeks to match the movement of the price of gold. It provides an investment vehicle for gold by backing shares in the ETF with gold bars held in trust. After a steady recovery from the trough of March 20th, a trend reversal starting on Aug 5th manifested as a descending triangle (or perhaps a large pennant)...

jameswongg

HHHL + Y1<Y2 X2 is around the same length as X1 now. It should make a reversal up soon. It is also a good sign that the angle of X2 is a lot flatter, rather than steep. got power up if W&R success.

ConfederateTrader

While the rest of the market ran bullish at the end of the previous week, Gold dipped negative, crossing below the 30-day and 50-day moving averages. Prices are currently trading horizontally in the short term with $16 being a support level that has not been broken, despite several tests since mid April. Low MACD amplitude swings also correlate to a near-term...

ConfederateTrader

Technicals: -------------- $16.03 and $16.61 are approximately the short term support and resistance levels, forming a channel where the price is being pulled horizontally. This area also appears to be a price consolidation point around $16.38 following an April 20th high volume day. Fundamentals: ------------------ Gold is trending up. This momentum is due both...

emperius

Volatile market. GLD too expensive, high premium. IAU excellent alternative. Shorting Gold for IAU $140 Strike at $0.15. GLD/Futures approximately high 140's.

ufsurf7

Volume heavily increasing as we have broken through resistance. Profit target of $17

savage_pips

Take a Look

hillbilly250

cheaper fund than gld so being used more

RiskRewardRatio

I identified that the IAU possible to stay low in the mean time as stock market as at the brink of possible making an all-time high. Therefore, the trend is moving down. Entry: 14.37