Xtrackers Physical Gold Eur Hedged Etc ETF Forecast

Red day on Friday for Xtrackers Physical Gold Eur Hedged Etc ETF after losing 0.0858%
(Updated on Jun 28, 2024)

XAD1.MI Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xtrackers Physical Gold Eur Hedged Etc ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 140.86€. On a fall, the ETF will find some support from the short-term average at 139.68€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should go up by 5.91% to 148.00€ within 38 trading days since signal was issued (Tuesday, August 20, 2024).

Support, Risk & Stop-loss for Xtrackers Physical Gold Eur Hedged Etc ETF

Xtrackers Physical Gold Eur Hedged Etc finds support from accumulated volume at 138.71€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.700€ between high and low, or 0.502%. For the last week the ETF has had daily average volatility of 0.81%

Our recommended stop-loss: 131.77€ (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (XAD1.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Physical Gold Eur Hedged Etc to open at 139.80€, and during the day (based on 14 day Average True Range), to move between 138.20€ and 141.30€, which gives a possible trading interval of +/-1.55€ (+/-1.11%) up or down from last closing price. If Xtrackers Physical Gold Eur Hedged Etc takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 140.54€ (0.57%) than the support at 138.71€ (0.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Xtrackers Physical Gold Eur Hedged Etc ETF A Buy?

Xtrackers Physical Gold Eur Hedged Etc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.402 Hold/Accumulate Unchanged

Predicted Opening Price for Xtrackers Physical Gold Eur Hedged Etc of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.