I think this is the Supply zone for AU. Waiting to see a rejection there before entering any positions. If this whole thing is creating a flag then it can fall massively. If it breaks convincingly the resistance area then it's invalid.
Note
Watching for a possible bounce at these levels.
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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.