Based off the weekly timeframe, price looks as if it could sell off till the weekly lows. Past data shows that every time that price rejects this resistance it sells to that weekly low around (0.84000)
Currently price is ranging so I'd rather wait until price breaks out of the range to look for setups. AU has been bullish on the daily so it's possible for price to breakthrough the major resistance.
On the other hand, you can look for trade setups at these major support/resistance levels.
Price is bearish so I’m simply looking for a retest of broken support. Once price retraces to retest broken support, I’ll look for sells/shorts towards weekly support (1.58700).
Price is currently at weekly support so its a strong chance that price could go back bullish. I'd definitely wait until price forms bullish structure before looking to go long back to weekly highs.
if price breaks below weekly, support, look for price to push towards 0.95800 area.
GU has been bullish but, price closed bearish on the weekly so be mindful. If price respects daily support look for buys. If price breaks daily support, look for sells.
