Maybe some positive pips under the Christmas tree for those longing AU. I've drawn a triangle with the corners touching significant swing points, this becomes the reference triangle. By clicking on the clone function you automatically get a triangle clone placed above the reference triangle, you repeat by clicking the clone function on the last placed clone.
The AU finished the week with a long lower tail candle at support with positive divergence. The daily frame is showing a bullish candle pattern and a positive diverging Fisher double bottom, so it’s likely that AU will have a bounce up from here. The near term upside target is the base of triangle clone 1. Failure to hold current support could see AU fall to around .86 near term.
The AU finished the week with a long lower tail candle at support with positive divergence. The daily frame is showing a bullish candle pattern and a positive diverging Fisher double bottom, so it’s likely that AU will have a bounce up from here. The near term upside target is the base of triangle clone 1. Failure to hold current support could see AU fall to around .86 near term.