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Gold Flags Sell Signal; DAX Still Positive

Published 09/28/2018, 04:46 AM


Gold finally chose the direction! XAU/SUD after few weeks of a boring sideways trend, finally broke the lower line of the symmetric triangle pattern. That brings us a sell signal and open us a way towards the lows from August. Buyers had a hope but not this time..


DAX is having a small correction now but yesterday managed to make new monthly highs. The movement was influenced by the bullish flag formation and the breakout of the mid-term dynamic resistance. Sentiment is still positive, even despite the today's drop.


NZD/CAD is going down and is having a legitimate sell signal. Pair has a false breakout pattern and a bearish flag formation. What is more, we came back below the down trendline. Three negative factors at once. That should end up with a further drop.

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