FDAX:
Despite the weaker prices, the medium and large trends are still in upward mode. The medium trend would break at 10175 points; the large trend at 10088 points. Until then, everything will remain in correction mode, meaning that further setbacks can be seen as entry chances.
Nasdaq 100:
The technology-heavy index continues to show stability and is in an intact upwards trend, with a correction zone between 4841 and 4782 points on the lower side. After the last high at 4891 points, the price already ran back into the green zone once, and has since then been attempting a new movement which, however, does not really want to get going yet, and is constantly being interrupted by small setbacks. In any case, as long as the green box stays intact, the index will remain in the long mode.
Gold:
The gleaming precious metal gold has been able to slowly stabilize again after a considerable setback. After the hefty rise up to $1343, the price had to shift back into reverse gear just as sharply. The current correction zone runs between $1318 and $1307, and precisely at its upper edge is where the gold price is located. Here, the price appears to be stabilizing, meaning that a new movement could soon be starting. Alternatively, the price may run even deeper into the green box, which would be even more conducive to an entry, since as we all know, the stop must be placed under the correction zone.
Disclaimer:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.