AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line. Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
4hr -
On 4hr AU has found resistance at 0.070470. From that market is created a triple top. Daily resistance trend line is just 6 pips away from CMP. Also, an M formation has reached the 4th position. Anticipating a drop-down to number 5 to complete the M formation and also the triple top. You can hold the trade down to Daily support- 0.68300.