iShares Gold Trust (IAU, $54.88) price may drop as it broke higher Bollinger Band on Feb 10, 2025

@CommoditiesBroadBasket, #TechnicalAnalysis, #Bollinger, #Bearish, #ETFs, #Russel2000
IAU - iShares Gold Trust
Bollinger signal
Bearish Trend
75%
Odds of DOWN Trend
Price: $54.88
Daily change: +$0.91 (+1.69%)
Daily volume: 10.3M
Net Assets: $36.7B

This price move could be a signal that IAU may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 51 similar cases where IAU's price broke its higher Bollinger Band, and 38 of them led to a successful outcome. Odds of Success: 75%.