AU at an important trend line on the daily. I'm expecting a bounce higher here but a break lower could produce an awesome bearish move. We may get a slight rest here or period of low volatility, and then a break lower, in which case should produce some excellent sell setups on lower time frames. Will be watching closely. Happy trading
Note
As I had anticipated, we're getting a rest here that has manifested itself as a triangle on the 60 min time frame. This pattern could break either way. I have a bracket order ready. Should be nicely directional either way it goes. Get ready
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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.