Xtrackers Physical Gold ETC ETF Forecast

Green day on Thursday for Xtrackers Physical Gold ETC ETF after gaining 0.294%
(Updated on Apr 25, 2024)

XGLD.L Signals & Forecast

A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -2.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Xtrackers Physical Gold ETC ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £226.56. On a fall, the ETF will find some support from the long-term average at approximately £217.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Xtrackers Physical Gold ETC ETF

On the downside, the ETF finds support just below today's level from accumulated volume at £204.79 and £196.09. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Xtrackers Physical Gold ETC finds support just below today's level at £204.79. If this is broken, then the next support from accumulated volume will be at £196.09 and £195.87.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved £1.90 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.732%.

Our recommended stop-loss: £216.30 (-3.92%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (XGLD.L) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Xtrackers Physical Gold ETC to open at £224.53, and during the day (based on 14 day Average True Range), to move between £222.57 and £227.69, which gives a possible trading interval of +/-£2.56 (+/-1.14%) up or down from last closing price. If Xtrackers Physical Gold ETC takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £229.56 (1.97%) than the support at £204.79 (9.03%), 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 ETC ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.200 Buy Candidate Unchanged

Predicted Opening Price for Xtrackers Physical Gold ETC of Friday, April 26, 2024

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