Positive divergence indicating the move down decelerating, as the price corrects 78.6% of the initial move.
Also it appears AU has formed a bullish harmonic pattern, indicating a continuation upwards.
It appears as if the USD is beginning to weaken against other currencies as well, therefore I believe it's a good time to be long AU.
Target 0.78 minimum
Also it appears AU has formed a bullish harmonic pattern, indicating a continuation upwards.
It appears as if the USD is beginning to weaken against other currencies as well, therefore I believe it's a good time to be long AU.
Target 0.78 minimum
Trade closed: target reached