AU Long
It is becoming something significant I will be watching for in the new year, the striking similarities to AU's and GU's price movement.
The accumulation wasn't as heavy, but it still accumulated at support, showed an indecision bearish candle, and then flipped with a bullish engulfing candle.
Unlike GU, AU was successful retesting of both key levels and would be a live trade. I'd place my stop loss in profit, with one trade already closed at the target profit.
I anticipate a slight pullback, and continuation the the target, 2.618.
The accumulation wasn't as heavy, but it still accumulated at support, showed an indecision bearish candle, and then flipped with a bullish engulfing candle.
Unlike GU, AU was successful retesting of both key levels and would be a live trade. I'd place my stop loss in profit, with one trade already closed at the target profit.
I anticipate a slight pullback, and continuation the the target, 2.618.
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