DAX 40

Key insight

25,900 50-day MA flips to resistance after today's close below it — next hard floor is the 100-day MA at 25,200; a weekly close under 25,800 opens that level by mid-November.

Drops 1.1% to 25,776 — breaking below the 50-day MA near 25,900 on a broad risk-off day; S&P 500 -1.1%, gold -3.7%, and oil at $102 all signal macro stress, not index-specific noise.

Main risk

Simultaneous Gold & Equity Selloff

Gold -3.7% and equities -1.1% falling together signals forced deleveraging, not rotation — historically accelerates DAX drawdowns beyond initial move.