In yesterday's analysis, I expected AU to re-test the 0.7723 minor support zone followed by further bullish continuation upwards, which was exactly what the market performed. In today's trading session, I will remain neutral bias. Two scenarios that I am looking at
1. For any long setups to be valid, I'll need to see a clear break above the 0.7830 resistance zone, and look a potential break & re-test setup (Bullish)
2. If we notice any rejection at 0.7830 resistance zone, some bearish rotation is expected (Bearish)
The higher timeframe structure remains bullish.
Trade safe.
Do follow my profile for daily forecast & educational content.
1. For any long setups to be valid, I'll need to see a clear break above the 0.7830 resistance zone, and look a potential break & re-test setup (Bullish)
2. If we notice any rejection at 0.7830 resistance zone, some bearish rotation is expected (Bearish)
The higher timeframe structure remains bullish.
Trade safe.
Do follow my profile for daily forecast & educational content.