Semis seems to be rolling …
RSI back below 70 …
Daily MACD signalling downside …
Techs in general are heavily overbought.
Stop loss placed above recent high at USD 55.01 (Closing Basis)
Source : Stockcharts.com
More details on certifcate on : https://www.zertifikate.commerzbank.de/
Last week bottom in the 1280 area and bounce from there forms the 5th higher low (see green ellipse) since early 2016 and should this action continue , Gold price will test again the long term resistance in the USD 1360-1380 zone.
… Not a good sign to see DAX correcting lower while EUR is weak … MACD Daily shows Bearish signal today ( to be confirmed end of session).