AU coiled spring, weekly chart
current level is still in that long term S/R level around 0.79
my nest level is at 0.86.....700pips difference but after all this is a weekly (compressed) chart
breaking that black wedge to the upside had me thinking AU woud already be well on it's way above 0.79
as it stands the ascending leg of that wedge is my signal to short if broken and breaking to new highs above 0.79 is y signal to long
both sides for the long term
my nest level is at 0.86.....700pips difference but after all this is a weekly (compressed) chart
breaking that black wedge to the upside had me thinking AU woud already be well on it's way above 0.79
as it stands the ascending leg of that wedge is my signal to short if broken and breaking to new highs above 0.79 is y signal to long
both sides for the long term
Note
current H1 chart 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.