probably short term correction after make a double top pattern with bear div validation & fill FVG area.
After touch the golden ration value of fibonacci & fill the fair value gap, possible movement for this pair will go down.
Possible move for cable after breakout structure (BOS) at intraday timeframe, price will move up after small correction.
Possibility retest local support at 2 white area for buy opportunity
At higher timeframe, gold already re-test new support after breakout from pennant pattern. With fibo line, I think gold price will rise to green area.
Possibility move to upper level of green area. Simple bull flag pattern.
in a smaller timeframe, i think gold movement will make broadening wedge so correction for short term will happen if only candle not closed green full body & breakout from upper white line.
Price expected move to north side with yellow boxes as area for taking profit (TP). Nearest yellow box can determine as TP1, next yellow box for TP2 and follow. Risk already define at red box. Disclaimer on.
At time frame 1H, cable likely form inverted head & shoulder pattern. The price expect to rise toward white arrow. Risk & reward as describe at picture. Disclaimer on.
Assuming Gartley Pattern - bearish type at timeframe 1H. I expect after price moving to red area or upper yellow box, price will move to lower yellow box or green area. SL & target already defined at picture. Disclaimer on.
After performing W pattern or maybe Bearish Gartley, this pair may correction toward new support or maybe breakdown if new support not strength enough.
In smaller timeframe, this pair made rising wedge pattern. May correction to nearest support.
The price will go to nearest support as DXY Index value is bigger than 93.5. Then the price of AUDUSD will bounce to nearest S&D & if the bounce is strong, the price will go to fib 0.618.