
Technical analysis of Invesco Physical Gold ETC (London) (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Invesco Physical Gold ETC (London) is a financial instrument listed in London that provides exposure to the gold price through an Exchange Traded Commodity structure. The instrument tracks the performance of physical gold.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 20, 2026, computed on the last 12 months of prices.
21 sessions
400.52 GBp
−0.65%
50 sessions
415.65 GBp
−4.27%
200 sessions
434.74 GBp
−8.47%
s2
393.49
Support
s1
395.46
Support
pivot
397.48
Pivot
r1
399.45
Resistance
r2
401.47
Resistance
In the October 20, 2026 session Invesco Physical Gold ETC (London) closed higher at 397.91 GBp, +0.12% versus the previous session.
The price sits below every moving average observed: −0.65% against the 21-session average, −4.27% against the 50 and −8.47% against the 200.
The 14-period RSI reads 42.6, in neutral territory.
MACD stands at -4.189 against a signal line at -4.763: the histogram is positive (+0.573).
ADX reads 14.3, indicating weak directionality.
Levels computed on the latest session place supports at 395.46 and 393.49 GBp and resistances at 399.45 and 401.47 GBp, around a pivot of 397.48.
The average daily range (ATR) is 5.793 GBp, or 1.46% of price.
Turnover was 24.1K shares, 63% of the 20-session average.
Over the last twelve months the price ranged between 381.00 and 458.30 GBp, and today stands −13.18% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Invesco Physical Gold ETC (London) analysed technically?
Technical analysis of Invesco Physical Gold ETC (London) is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Invesco Physical Gold ETC (London)?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Invesco Physical Gold ETC (London)?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Invesco Physical Gold ETC (London) it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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