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iShares Gold Trust Shares of the iShares Gold TrustiShares Gold Trust Shares of the iShares Gold TrustiShares Gold Trust Shares of the iShares Gold Trust

iShares Gold Trust Shares of the iShares Gold Trust

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IAU trade ideas

Gold Potentially Retracing, Prepare to Buy LongTechnicals: -------------- $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 to the medium term high VIX volatility and an overall pattern of prices rising after a market correction/downturn event. This correlation of gold to volatility and market correction follows a similar pattern from 2006 to 2011. Strategy: ----------- Longer term call options are ideal for the current market. Purchase 3-month long call options if IAU breaks through $16.60 or if it retraces to $16.03.
AMEX:IAULong
by ConfederateTrader
1
Gold Breaking OutGLD and AMEX:IAU have both had very good runs recently. They both originally broke out of their wedges however, they both ended up not maintaining their trend line. The main differences I want to point out between the two is that GLD has not gone above the bottom trend line while AMEX:IAU has. AMEX:IAU also has increasing volume but GLD has remained somewhat flat on volume. This doesn't mean that gold is not being bought but rather understanding how different ETF inflows and outflows can change the performance even though the underlying is the same. see here for a little more details * Note: Technically IAU is 1/100 the price of gold and GLD is 1/10 the price of gold. However this should not impact the analysis since it's the same as buying 1/100 a chunk of a gold bar or 1/10 a chunk of a gold bar. Both values should remain consistent with their underlying which is 1 bar of gold. * This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
AMEX:IAULong
by OptionalIdeas
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 ?
AMEX:IAU
by jab47220
Gold as potential hedge against US depreciation and bear markeCurrently considering IAU as a hedge against potential downturns in the $ and/or in US markets. The trade isn't strictly technical, though we could say the price looks slightly over extended at the moment, so I'd wait until support is hit and an uptrend emerges again. Trade thesis comes from the increasingly likely possibility of an asset bubble deflation with insuing stagflation following a rate hike. Dollar depreciation would create a vicious cycle where foregneirs are unwilling to buy US debt given exchange rate risk, causing the bond market to collapse. Technical analysis is only marginally affecting decisions related to this trade.
AMEX:IAULong
by surlybadger
IAU ProfitsThe 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 cool off. Do I think gold is ready to turn back to the down side? Not yet. I believe gold is a safe haven investment for everyone, especially the people who are not market knowledgeable and are unsure where else to store their savings. I would stay in gold a little longer, but I'm looking to take my profits after this nice move to the upside. Head on over to www.bearstobulls.com for more information on my trading and investing ideas!
AMEX:IAU
by Bearstobulls.com