GOLD a new long opportunity above 2000 🦐
After our previous profit, we are now looking for a new opportunity on XAUUSD.
The price is consolidating below the 2000 lòevel in an ascending triangle which is a continuation pattern that still needs to be confirmed on the technical side.
The fundamental situation with the increasing tension between the nato countries and Russia pushes the commodities prices higher and we remain bullish on on Gold.
How can we approach this scenario?
We will wait for a break above the resistance structure and in that case we will start to look for an entry point according to the Plancton academy rules for a nice risk reward trade.
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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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price is consolidating below the 2000 lòevel in an ascending triangle which is a continuation pattern that still needs to be confirmed on the technical side.
The fundamental situation with the increasing tension between the nato countries and Russia pushes the commodities prices higher and we remain bullish on on Gold.
How can we approach this scenario?
We will wait for a break above the resistance structure and in that case we will start to look for an entry point according to the Plancton academy rules for a nice risk reward trade.
--––
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:
i did it again 🦐 2nd long trade in 2 weeks on gold
Comment:
we got that right
