Gold has reached in the last weeks a key level of 2072 and retraced back below the 2000 level.
On the weekly chart (left) we can see that market found support on a weekly structure at the 1900 zone.
On the daily chart (right) the market testing the descending trendline and creating a triangle pattern.
IF the price will Break above the upper weekly structure we can set a nice long order for the test of the recent highs according to Plancton's strategy.
If the price instead, will break below the structure at the 1900 level we can set a short order.
–––––
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.
On the weekly chart (left) we can see that market found support on a weekly structure at the 1900 zone.
On the daily chart (right) the market testing the descending trendline and creating a triangle pattern.
IF the price will Break above the upper weekly structure we can set a nice long order for the test of the recent highs according to Plancton's strategy.
If the price instead, will break below the structure at the 1900 level we can set a short order.
–––––
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.
