Gold on the daily chart reached the weekly support as expected from our previous analysis.
The price closes the week around the 0.618 Fibonacci retracement level near the ascending weekly trendline.
We can expect at the beginning of next week some retracements to the upside around the 1810 area.
The commodity will be on our radar to check a new opportunity at the inversion 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 price closes the week around the 0.618 Fibonacci retracement level near the ascending weekly trendline.
We can expect at the beginning of next week some retracements to the upside around the 1810 area.
The commodity will be on our radar to check a new opportunity at the inversion 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:
retracement to the upside as expected
Comment:
range between 2 structures
Comment:
still moving in the range
Comment:
looking for a test of the daily structure
Comment:
a range trading