GOLD after our previous analysis moved as expected over the support and following the line in a consolidation between the structures.
The price has broken above the first resistance at the 1930 lrvrl and moving to the upper one.
How can we approach this scenario?
I will check for a potential break of the minor resistance at the 1950 and in that case I wll consider a nice 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 price has broken above the first resistance at the 1930 lrvrl and moving to the upper one.
How can we approach this scenario?
I will check for a potential break of the minor resistance at the 1950 and in that case I wll consider a nice 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 is moving above the structure as expected
Comment:
another flawless break and retest as expected
