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DAX – The 18,000 mark is in sight
Market participants love big, round numbers. The next 1,000 step for the DAX is imminent. This will probably be achieved today. The recent upward move has prevented a corrective move. The indicators are not giving much indication at the moment as they have been in overbought territory for some time. The strong statistical phase in the DAX is now imminent. Since the index has been on the rise for some time, this phase could begin with a consolidation, which is not unusual and therefore healthy for the further course of the trend.
S&P500 – Low volatility and strong trend
The US index continues to be in an uptrend that has no volatility. Corrections also only take place intraday, if at all. The indicators are not helping as they continue to trade in overbought territory. The trend is therefore likely to continue, although a corrective movement is becoming increasingly likely. The overarching upward trend is likely to continue, as the statistics predict a strong phase here too.
Gold – Finally new record highs
Gold has reached a new record high within a few days. The area above USD 2,100 has now been sustainably overcome. So far, gold has only been able to penetrate this zone intraday. With the recent increase, the indicators have moved into overbought territory and are now facing sell signals. After an upward movement, as has been observed in the last few days, a corrective movement is nothing unusual and is completely healthy for the further trend.
What Charts: ProRealTime.com
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Editor, responsible and author
Christoph Geyer, CFTe, Lindenstr. 31, 65232 Taunusstein Germany www.christophgeyer.de
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This information is a marketing document within the meaning of the Securities Trading Act, which means that it does not meet all requirements for investment recommendations and investment strategy recommendations.
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This information is for informational purposes only and does not constitute an individual investment recommendation nor an offer to buy or sell securities or other financial instruments. This preparation alone does not replace individual investor and investment-oriented advice.
Presentation of performance
Information on past performance does not allow a reliable forecast for the future. Performance may be affected by currency fluctuations if the base currency of the security/index is different from EURO.