CFD Trading – Buy Ishares Gold Trust (IAU.NYS) @ $34.80. Stop @ $33.90 and Target @ $36.00.

 ISHS Gold Trust Stock Code IAU.NYS


Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Price also created an Ichimoku V-shaped breakout which has a price target at $36.04. The conversion and base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish and moving higher, hinting at a bullish price trend. We think price is likely to move higher to the Ichimoku V-shaped price projection target at $36.04 in the next 2-3 weeks.


$34.80                Buy

$36.00                Price Target

$33.90                Risk Management Stop

3 weeks              Trade Duration

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