iShares Gold Trust ETF upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session

The iShares Gold Trust ETF price gained 0.108% on the last trading day (Wednesday, 19th Feb 2025), rising from $55.36 to $55.42. During the last trading day the ETF fluctuated 0.744% from a day low at $55.08 to a day high of $55.49. The price has risen in 7 of the last 10 days and is up by 3.22% over the past 2 weeks. Volume fell on the last day by -262 thousand shares and in total, 4 million shares were bought and sold for approximately $241.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the ETF is expected to rise 10.35% during the next 3 months and, with a 90% probability hold a price between $57.94 and $62.00 at the end of this 3-month period.

Mostly positive signals in the chart today. The iShares Gold Trust ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $54.98 and $52.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 18, 2024, and so far it has risen 13.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

iShares Gold Trust finds support from accumulated volume at $54.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.410 (0.744%) between high and low. For the last week, the ETF has had daily average volatility of 0.92%.

iShares Gold Trust holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.