AU200 4hPossible Running Flat on AU200, I still think one more up is possible. On weekly this still has a lot of downside potential. I'll wait for a clear confirmation to keep adding. Really nice R:R opportunity
Au200audidea
AUS200 right on major resistance, prepare for a potential revers
AUS200 is now testing major resistance at 6072 (Fibonacci retracement, bearish harmonic formation, horizontal swing high resistance) and a strong drop could occur at this level to push price down to 6008 support (Fibonacci retracement, horizontal swing low support). We have to watch our for intermediate support at 6034 too (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance at 99% where a corresponding reaction could occur.
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