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.
