GLD and 
IAU have both had very good runs recently. They both originally broke out of their wedges however, they both ended up not maintaining their trend line.
The main differences I want to point out between the two is that
GLD has not gone above the bottom trend line while IAU has. IAU also has increasing volume but GLD has remained somewhat flat on volume. This doesn't mean that gold is not being bought but rather understanding how different ETF inflows and outflows can change the performance even though the underlying is the same. see here for a little more details
* Note: Technically IAU is 1/100 the price of gold and GLD is 1/10 the price of gold. However this should not impact the analysis since it's the same as buying 1/100 a chunk of a gold bar or 1/10 a chunk of a gold bar. Both values should remain consistent with their underlying which is 1 bar of gold.
* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.