Dax H&S and Gold

by Ashraf Laidi

May 28, 2024 12:07

Time for an update of the DAX40 and gold charts. Starting with our DAX40 chart from 7 days ago posted here , which dropped to as low as 18515, the Head & Shoulder formation remains in play, as long as the left-shoulder high from May 10 is not taken out on a closing basis. You shall realise that May 10 posted a high of 18845, but the close was 18767.  Gold remains in the bottom of its wedge (see chart below that of the Dax charts), with 2335/40 as a key support. Trade details will be posted on the English & Arabic WhatsApp Broadcast Group.

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