GOLD on the 4h chart after our previous analysis reached as expected the 1850 area.
The market moved a 2% in our favor and is now retracing into a minor support into 2 converging trendlines.
How can we approach this scenario?
I will check for a potential break of the 1850 level and in that case I will consider a new long order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The market moved a 2% in our favor and is now retracing into a minor support into 2 converging trendlines.
How can we approach this scenario?
I will check for a potential break of the 1850 level and in that case I will consider a new long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
the market moves upwards
