AU Falls From Key Resistance

AU has been on the watch list for a while now after it hit a key level a few weeks ago. It recently made the move we were looking for so I've got the breakdown for you now.


Price hit a resistance level on the weekly and had trouble break above daily supply.

The H4 started to create a reversal pattern so I continued to monitor.

The reversal pattern played out with a break of the symmetrical triangle and retest for a short trade. 

As usual all we have to do next is wait, and here's what happened.

I hope you found this useful.


Any questions just ask.

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