GOLD on the daily chart moves inside a descending channel within a major ascending one.
The price after the last bullish impulse reached the upper trendline and got sharply rejected at the 1845 level over the ascending trendline and our beloved 0.618 Fibonacci level
IF the market will manage to break below we can expect a new test of the support area at the 1780 area but if the price instead will break again above the
1850 zone we will check if the condition of Plancton's strategy will be satisfied to set a nice a 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Jan 5
Comment:
The price after the last bullish impulse reached the upper trendline and got sharply rejected at the 1845 level over the ascending trendline and our beloved 0.618 Fibonacci level
IF the market will manage to break below we can expect a new test of the support area at the 1780 area but if the price instead will break again above the
1850 zone we will check if the condition of Plancton's strategy will be satisfied to set a nice a 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Jan 5
Comment: