Hey Heavy, I was looking over the AU 4 hour and daily charts and I have to admit there still is room for one more topside pop based on the daily chart.
Normally, when I see a top end TDI peak like the one we got on the daily, I end the count there...so the 5 waves is complete. But, we know that tops and bottoms are formed at Waves 2 and 4.
The 4 hour chart is working on 5 waves down right now...today likely having completed Wave 3 of that 5 waves. So there's more downside coming. But that 5 waves down, when it completes, will be equal to a big Wave 1 down on the daily chart.
So, the downside might get capped in the 0.7250 to .73 area on AU and then move up again in a daily minor Wave 2 retrace before it finally tops.
With that in mind, the earlier target you had in mind around 0.77 could still be on the table. I have a viable target listed on the daily chart. After that target is hit, the downside movement on AU should be substantial since that would be a large 5th wave movement on price in a large C wave movement.
It's still possible the top is in but I have to acknowledge the possibility here...
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