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

• Patterns on Fridays & Mondays

  Mar 30, 2026 14:38 | by Ashraf Laidi
  Since the start of the war on Iran, the pattern of falling Fridays in US equity indices has become obvious. Will the pattern ends this week.

• Pre Fed Technicals

  Mar 18, 2026 14:52 | 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...

• GoldBugs & Levels

  Mar 3, 2026 16:14 | 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 - -...