GOLD on the weekly chart is moving inside a descending channel.
After a few attempts, the price couldn't break below the minor daily channel and the market reached the weekly resistance area around 1920.
IF the market will break and close above the structure we will set a nice long order according to Plancton's strategy.
On the other hand, if the price will not be able to break above and instead will break below the 1900 zone we will consider a short position.
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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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
After a few attempts, the price couldn't break below the minor daily channel and the market reached the weekly resistance area around 1920.
IF the market will break and close above the structure we will set a nice long order according to Plancton's strategy.
On the other hand, if the price will not be able to break above and instead will break below the 1900 zone we will consider a short position.
–––––
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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment:
Pirce went for another test of the channel
