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Trend Tracker for Invesco Db Gold DGL

The data for Invesco Db Gold (NYSE: DGL) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DGL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DGL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DGL too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for DGL
  • Buy DGL slightly over 51.07 target 52.87 stop loss @ 50.92 Details
  • The technical summary data tells us to buy DGL near 51.07 with an upside target of 52.87. This data also tells us to set a stop loss @ 50.92 to protect against excessive loss in case the stock begins to move against the trade. 51.07 is the first level of support below 51.17 , and by rule, any test of support is a buy signal. In this case, support 51.07 is being tested, a buy signal would exist.

  • Short DGL under 52.87, target 51.07, stop loss @ 53.02 Details
  • The technical summary data is suggesting a short of DGL as it gets near 52.87 with a downside target of 51.07. We should have a stop loss in place at 53.02though. 52.87 is the first level of resistance above 51.17, and by rule, any test of resistance is a short signal. In this case, if resistance 52.87 is being tested, a short signal would exist.

Swing Trading Plans for DGL
  • Buy DGL slightly over 52.87, target 53.22, Stop Loss @ 52.72 Details
  • If 52.87 begins to break higher, the technical summary data tells us to buy DGL just slightly over 52.87, with an upside target of 53.22. The data also tells us to set a stop loss @ 52.72 in case the stock turns against the trade. 52.87 is the first level of resistance above 51.17, and by rule, any break above resistance is a buy signal. In this case, 52.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DGL near 52.87, target 51.10, Stop Loss @ 53.02. Details
  • The technical summary data is suggesting a short of DGL if it tests 52.87 with a downside target of 51.10. We should have a stop loss in place at 53.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 52.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DGL
  • Buy DGL slightly over 51.40, target 52.87, Stop Loss @ 51.28 Details
  • If 51.40 begins to break higher, the technical summary data tells us to buy DGL just slightly over 51.40, with an upside target of 52.87. The data also tells us to set a stop loss @ 51.28 in case the stock turns against the trade. 51.40 is the first level of resistance above 51.17, and by rule, any break above resistance is a buy signal. In this case, 51.40, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DGL near 51.40, target 51.10, Stop Loss @ 51.52. Details
  • The technical summary data is suggesting a short of DGL if it tests 51.40 with a downside target of 51.10. We should have a stop loss in place at 51.52 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 51.40, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DGL Ratings for December 06:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 49.30
P2 51.40 51.10 51.07
P3 53.09 53.22 52.87
Triggers may have already come
Support and Resistance Plot Chart for DGL

DGL Long Term Analysis for December 6 2021

Blue = Current Price
Red= Resistance
Green = Support

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