GOLD after our last profit reached the expected support at the 1685 level.
The market is now over a weekly support near to the trendline of the ascending channel.
Moreover, the weekly support is exactly at the 0.618 Fibonacci level.
We can expect for next week 2 possible scenarios.
IF the market will break below we will set a nice short order.
IF more likely the price will invert the bearish trend we will be ready to check for a nice long order according to Plancton's strategy.
--––
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
The market is now over a weekly support near to the trendline of the ascending channel.
Moreover, the weekly support is exactly at the 0.618 Fibonacci level.
We can expect for next week 2 possible scenarios.
IF the market will break below we will set a nice short order.
IF more likely the price will invert the bearish trend we will be ready to check for a nice long order according to Plancton's strategy.
--––
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:
the market is testing the support
Comment:
bounce over the resistance
Comment:
looking for a new test of the support
