Trading Invesco Db Gold DGL With Integrated Risk Controls

September 09, 2021, 10:30 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invesco Db Gold (NYSE: DGL) report below can help you, but we have more details too. The trading plans for DGL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for DGL

• Buy DGL slightly over 50.64 target 52.57 stop loss @ 50.49 Details

The technical summary data tells us to buy DGL near 50.64 with an upside target of 52.57. This data also tells us to set a stop loss @ 50.49 to protect against excessive loss in case the stock begins to move against the trade. 50.64 is the first level of support below 51.39 , and by rule, any test of support is a buy signal. In this case, support 50.64 is being tested, a buy signal would exist.

• Short DGL under 52.57, target 50.64, stop loss @ 52.72 Details

The technical summary data is suggesting a short of DGL as it gets near 52.57 with a downside target of 50.64. We should have a stop loss in place at 52.72though. 52.57 is the first level of resistance above 51.39, and by rule, any test of resistance is a short signal. In this case, if resistance 52.57 is being tested, a short signal would exist.

Swing Trading Plans for DGL

• Buy DGL slightly over 51.78, target 52.57, Stop Loss @ 51.63 Details

If 51.78 begins to break higher, the technical summary data tells us to buy DGL just slightly over 51.78, with an upside target of 52.57. The data also tells us to set a stop loss @ 51.63 in case the stock turns against the trade. 51.78 is the first level of resistance above 51.39, and by rule, any break above resistance is a buy signal. In this case, 51.78, 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 51.78, target 50.64, Stop Loss @ 51.93. Details

The technical summary data is suggesting a short of DGL if it tests 51.78 with a downside target of 50.64. We should have a stop loss in place at 51.93 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, 51.78, 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 51.78, target 52.25, Stop Loss @ 51.66 Details

If 51.78 begins to break higher, the technical summary data tells us to buy DGL just slightly over 51.78, with an upside target of 52.25. The data also tells us to set a stop loss @ 51.66 in case the stock turns against the trade. 51.78 is the first level of resistance above 51.39, and by rule, any break above resistance is a buy signal. In this case, 51.78, 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 51.78, target 50.87, Stop Loss @ 51.9. Details

The technical summary data is suggesting a short of DGL if it tests 51.78 with a downside target of 50.87. We should have a stop loss in place at 51.9 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, 51.78, 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 September 09:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	48.70
P2	50.87	50.35	50.64
P3	52.25	51.78	52.57

Support and Resistance Plot Chart for DGL

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