ISHS Gold Trust Stock Code IAU.NYS
Outlook
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.
Strategy
$34.80 Buy
$36.00 Price Target
$33.90 Risk Management Stop
3 weeks Trade Duration
