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.

Click To Enlarge

Click To Enlarge

Click To Enlarge

Click To Enlarge

More Hot-Charts

• EURGBP & Bank of England

  Dec 17, 2025 19:24 | by Ashraf Laidi
  Today's weaker than expected UK CPI sharply boosted EURGBP and dragged down GBPUSD on improved expectations the BoE will cut rates tomorrow (Thursday).

• Indices & Gold Update

  Dec 16, 2025 12:16 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...

• Updating post 9th

  Nov 24, 2025 12:02 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...