I've been following this pair and trying to break it down using Elliot Wave. Based on what I see I believe AU is in a retracement and will head higher once it hits the buy zone I have marked in the chart. That being said it could be a higher risk trade since AU is in an overall downtrend on larger timeframes. But this is just my idea and I'm just posting it for my records. If you see something I don't or have constructive criticism please leave a comment.
