European equity indices are far behind the US markets. If we experience correction in ES and NQ, indices such as DAX gives us very clean structure to follow. Break of a trend line to the downside should take us around a yearly vwap and anchored vwap support around 11600.
Gold started showing signs of weakness above the $2000 mark and now after few weeks looks like dip is might to happen soon. So what would be a favorable price to buy Gold again? $1760 level is where we have a last supply and demand imbalance before the move to $2000 territory. It is also an area of yearly VWAP. If price starts to drop below $1660, the long...
Failed to provide support at the yearly vwap and broke to the downside. Because of that $80 area should provide a significant level of resistance and continuation lower to $47 area. The whole area is invalidated if we accept above $90.