GOLD after my previous analysis moved as expected with bullish price action.
The market clearly was in control of the bulls and after a test of the highs took a break.
I remain bullish in the midterm and I can see another long opportunity if the market will satisfy our condition.
The price in fact after the test of the highs took a break and tested the 0.618 Fibonacci level over an ascending trendline.
How can we approach this scenario?
If the price will break above the minor resistance area we will check for the application of Plancton's strategy rules to set a nice long order.
--––
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 market clearly was in control of the bulls and after a test of the highs took a break.
I remain bullish in the midterm and I can see another long opportunity if the market will satisfy our condition.
The price in fact after the test of the highs took a break and tested the 0.618 Fibonacci level over an ascending trendline.
How can we approach this scenario?
If the price will break above the minor resistance area we will check for the application of Plancton's strategy rules to set a nice long order.
--––
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:
my vision has been correct so far, the 0.618 has been an inversion point as expected