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jab47220
About me I am very new to all this and I welcome any constructive criticism, ideas, or thought. Im just your ordinary average guy who has found interest in finance over the past year.
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Markets Allocation
100 % stocks
Top Mentioned Symbols
AXU 50% | 1 IAU 50% | 1
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bullish chartpattern gold iau movingaverage reversal trendline Less Tags Show All Tags
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IAU gold ETF reversal ?
IAU
, 1W
IAU: 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...

AXU Breakout watch
AXU
, 1DLong
AXU: AXU Breakout watch

It looks like strong rising support and weaking resistance has formed a bull pennant. If the trend holds and gets above the flag pole this could be continuation of the strong previous trend. This could be a great opportunity for longs. Good luck everyone.

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