AU at an important trend line on the daily. I'm expecting a bounce higher here but a break lower could produce an awesome bearish move. We may get a slight rest here or period of low volatility, and then a break lower, in which case should produce some excellent sell setups on lower time frames. Will be watching closely. Happy trading
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As I had anticipated, we're getting a rest here that has manifested itself as a triangle on the 60 min time frame. This pattern could break either way. I have a bracket order ready. Should be nicely directional either way it goes. Get ready