Given more expansionary more adopted by central banks around the world, we could see that not only nominal values of major indices moving upward further, but also major commodity, especially gold . While this can be an unusual analysis to be done in trading, I am quite certain that while others looking for a breakout at DAX , according to a normalized gold measure, this Friday is actually already the top. Further, since DAX has been performing unusually this last week, cyclical tendency on US indices (Dow Jones, SPX , and NASDAQ) somehow also relatively cancelled (or postponed?) by this move.
Using the triangular area of the right side, I expect that we might visit 10500 within the next 2 weeks. Yet, if that happens, we might see a vicious circle of multiple corrections influencing each other among the markets. Gold speculators, in this scenario, could be the main actor to drive this correction further.