DJIA
He index broke the August-trend barrier and was traded in a range up to 11.400 points yesterday.
2 possible scenarios for the coming days:
1) Price drops below11.150 (trend-line) which leads to a major sell-off
2) Price rises to 11.400 (EMA-50) and then falls back the the trend-line
DAX
The down-trend of August is over, as price crushed to the trend-barrier.
We should see a correction to approximately 5.800 points. This is the beginning of an uptrend.
GOLD
After the past week of weakness the prices stabilized. In the past two days prices did not trade below 1.630 and even after a big bullish candle no sign of reverse is shown.
The correction to 1.750 is still intact.
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