GOLD on the 4h chart is providing us a deeper retracement outlook. The price after the recent test of the weekly resistance is testing the 0.618. Fibonacci level above a dynamic support.
How can i approach this scenario?
I will wait for the European market open and check for a possible break of the trendline. In that case, i will look for a nice short 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