FRA:WGLD - Deutsche Boerse Ag - JE00BN2CJ301 - ETF - Currency: EUR
Taking everything into account, WGLD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGLD is showing a nice and steady performance.
Besides having an excellent technical rating, WGLD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 278.48, a Stop Loss order could be placed below this zone.
260.27
2 important support areas can be observed.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
286.89 | 279.09 | 7.80 (2.72%) | 25.00% |
An entry @286.89. This is a Buy Stop order right above the 10 day moving average. | An exit @279.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.80 points, which is 2.72%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
FRA:WGLD (4/25/2025, 7:00:00 PM)
286.64
-4.64 (-1.59%)