Trading Gold

Gold now building rising triangle pattern on the daily chart
Commodities

Gold continued to ease higher once again yesterday, with May gold futures on Globex closing at $1613.80 per ounce, up just over $8 per ounce in the session and ending with a narrow spread up candle, supported by average daily volume.

Gold Bars
Commodities

Looking at the gold charts today we find a solid bounce off support at $14.90 on the iShares Gold Trust (IAU, [stock IAU]).  iShares Gold Trust has been in descending channel since early February dropping over 14% since before bouncing off solid support