This is an update on gold, price went to exactly where we wanted to the bottom level and now we go flying to the moon. Hope everyone was able to get some pips on the way down if not then theres plenty of more pips on the upside. :)
So basically EURAUD has been in a consolidation of 90+ pips for 15 days we can see a clear breakout and retest of the support price my bias is for it to be short but it will most likely go up cause my analysis has been pure ass for the past couple weeks.
We have had the break and retest with immediate rejection of the trendline here as shown which lined up nicely with a former swing low point.
However, we have failed to go ahead and make a new lower low. I would look to see how price reacts around the most recent high and make a decision on my bias from there.