On the monthly chart gold sharply rise after the retracement till the 0.618 fib level.
Market before last leg stayed in a side range and then explode to the new higs.
On the weekly chart we can notice that market never retraced and the las week candle can make us think about a possible retracement till the 0.382 level , that is also the previous high, or possibily the 0.618 fib that is a weekly support.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Market before last leg stayed in a side range and then explode to the new higs.
On the weekly chart we can notice that market never retraced and the las week candle can make us think about a possible retracement till the 0.382 level , that is also the previous high, or possibily the 0.618 fib that is a weekly support.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.