AU is in an uptrend.
Chart below:
Price has recently pulled back and found support in the form of a trend line. and Fibonacci level.
There is Divergence showing on the Oscillating indicators.
Chart below:
Price has this morning broken up through the averages and made a new high.
I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 0.9510
2nd Entry: 0.9500
Stop Loss: 0.9480
1st Target: 0.9630 (5%)
2nd Target: 0.9730 (9% Previous Highs)
I will update again if the position is opened.
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