Gold is back at the low of the week, making a bearish trend from 1305 because of lower lows and lower swing highs, as such, we think that current weakness may resume down to 1260 Fib. equality level measured from a top of wave one and from wave two highs.
GOLD, 1H
No change on DAX; price is still slow as market awaits ECB for Thursday, when we may finally see a breakout of a current October range. There is a five sub-wave move in a contracting range, seen as a triangle that is expected to push price higher into wave five. Break above 13070 may open room for recovery to 13200/13250.
German DAX, 1H
