(IAU) Technical Pivots with Risk Controls

December 04, 2024, 07:44 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IAU

• Buy IAU near 49.41 target 51.15 stop loss @ 49.27 Details

The technical summary data tells us to buy IAU near 49.41 with an upside target of 51.15. This data also tells us to set a stop loss @ 49.27 to protect against excessive loss in case the stock begins to move against the trade. 49.41 is the first level of support below 49.87 , and by rule, any test of support is a buy signal. In this case, support 49.41 would be being tested, so a buy signal would exist.

• Short IAU slightly under 51.15, target 49.41, stop loss @ 51.3 Details

The technical summary data is suggesting a short of IAU as it gets near 51.15 with a downside target of 49.41. We should have a stop loss in place at 51.3though. 51.15 is the first level of resistance above 49.87, and by rule, any test of resistance is a short signal. In this case, if resistance 51.15 is being tested, so a short signal would exist.

Swing Trading Plans for IAU

• Buy IAU slightly over 50.88, target 51.15, Stop Loss @ 50.73 Details

If 50.88 begins to break higher, the technical summary data tells us to buy IAU just slightly over 50.88, with an upside target of 51.15. The data also tells us to set a stop loss @ 50.73 in case the stock turns against the trade. 50.88 is the first level of resistance above 49.87, and by rule, any break above resistance is a buy signal. In this case, 50.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IAU slightly near 50.88, target 49.65, Stop Loss @ 51.03. Details

The technical summary data is suggesting a short of IAU if it tests 50.88 with a downside target of 49.65. We should have a stop loss in place at 51.03 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for IAU

• Buy IAU slightly over 50.2, target 50.88, Stop Loss @ 50.08 Details

If 50.2 begins to break higher, the technical summary data tells us to buy IAU just slightly over 50.2, with an upside target of 50.88. The data also tells us to set a stop loss @ 50.08 in case the stock turns against the trade. 50.2 is the first level of resistance above 49.87, and by rule, any break above resistance is a buy signal. In this case, 50.2, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IAU slightly near 50.2, target 49.86, Stop Loss @ 50.32. Details

The technical summary data is suggesting a short of IAU if it tests 50.2 with a downside target of 49.86. We should have a stop loss in place at 50.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.2, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Ishares Gold Trust (IAU) available here: IAU.

IAU Ratings for December 04:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	49.41
P2	49.86	49.65	51.15
P3	50.2	50.88	53.04

AI Generated Signals for IAU

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The technical pivots for Ishares Gold Trust (NYSE: IAU) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IAU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IAU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IAU too.  All of these are offered below the Summary Table.