AU was rejected on the resistance trendline, and is showing some bearish strenght. Looking at a smaller TF I see that it's hitting support trendline and showing some strenght on this level. We may be inbound for a breakdown on the AU as it has way more room downwards. If it breaks the smaller TF support and bulls fail to bring it back after a fakeout, AU will crash hard.
Trade active
First TP 0.69300Trade closed: target reached
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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.