3 confluences which all add up indicating AU's next move, enjoy.
The analysis looks strong, lets see how it plans out
Head & Shoulders formed, double top on 1h, bearish momentum.
This is the start of a drop 2000+ pips, lets catch em
fib retracement and break of support (gold line) now used as resistance.
price being squeezed, indications of next move being upside.
Trendline respect, double bottom and moving average all indicate upside movement. Happy trading.
Which way next? If the support is broken I see 6k but if trendline is respected, take off time.
respecting 61.8 fib retracement, daily trend line and has weekly support.
well respected trend line, weekly support there to help and fib scale looking to hold.