In yesterday's analysis, I expected AU to rotates towards the upside due to the recent parabolic movement violating the steep trendline, which was exactly what the market performed. Today's setup remains similar, currently looking for short-term selling opportunities on AU ONLY if there's a clear rejection at 0.7735 minor resistance zone, with 0.7690 & 0.7641 support zones as targets. As AU is currently in a range bound condition, avoid having unrealistic targets and be aware of minor levels. However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
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Trade safe.
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