Looking at last weeks development after a series of interest rate decisions, we are looking into the development of gold             and several currencies . Given the relative values of each market to each other, I try to see what is the relative value of DAX             to gold             , which is classical pre-Bretton Woods currency standard.

Given more expansionary monetary policy 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 bearish breakout at DAX             , according to a normalized gold             measure, this Friday is actually already the top. Further, since DAX             has been performing unusually bullish this last week, cyclical bearish tendency on US indices (Dow Jones, SPX             , and NASDAQ) somehow also relatively cancelled (or postponed?) by this bullish 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.
reini731
3 months ago
All Bearish. I wrote it for 4 Hours for Dax30. See us next week. I wisch you a nice Weekend.
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giorsims PRO reini731
3 months ago
Yes, have a nice weekend reini731! But in the long run, I think we are in wave 5 of current bull-run, so possible SPX and Dow Jones touching 2200 and 20000 respectively. Don't go super bearish on this one I think =D
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reini731 giorsims
3 months ago
You were right yesterday. THX.
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