Im long on AU based on a few different ideas.
First is this could be the second leg of an ABCD pattern, which would finish right on the top of the long term downward trend channel.
It has also broken thru monthly support and looks to continue its bullish momentum. It is still also trending nicely on the 4hr support trend line.
First is this could be the second leg of an ABCD pattern, which would finish right on the top of the long term downward trend channel.
It has also broken thru monthly support and looks to continue its bullish momentum. It is still also trending nicely on the 4hr support trend line.