From a technical view, the ETF is bouncing off a key support area set around 12.20. Regarding technical indicators, the daily MACD is facing a rising trend line while the daily RSI is reversing up from a horizontal support. On a relative basis against the IVV S&P 500, the iShares Gold Trust is reversing up from the lower part of a bearish channel.
Trading strategy:
Buy at $12.38 - Stop loss at $12.10 - Target at $14.3.