AUD/USD possible short entry

Been watching this level on the AUD/USD due to previous resistance. Lower Time Frames are showing signs of turning over at this point. Also keep an eye out on GOLD. It is at a key resistance level and also showing a ton of divergence at these levels.

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Kommentera:

WE are starting to see a little downward pressure here due to the upside pressure on the dollar. I am a little surprised that GOLD has not come off stronger here. If GOLD can break the wedge ( See my idea) than I think you will start to see this flush to the downside.

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