$IAUon reveals a solid accumulation structure and a technical reversal setup as it tracks the tokenized representation of the iShares Gold Trust via Ondo Finance. Following a persistent macro correction that eventually bottomed out at a major structural low of $84.27126, aggressive buyers stepped in to catch the dip, sparking a sharp bullish reaction. Currently trading at $85.69457, the price action is steadily stabilizing and putting in a clear higher-low structure on the 4-hour timeframe. This pattern indicates that sell-side exhaustion has set in, allowing bulls to build a firm launchpad. If the immediate support floor remains defended, expect steady momentum to push the asset into a breakout phase to reclaim overhead liquidity zones.
Target 1: $86.23000
Target 2: $87.04173
Target 3: $88.59583
IAUon
Alpha
84.93
-0.57%