GOLD on the 4h chart is moving inside a retracement channel.
The market is trading near to a weekly structure and is looking for a clear direction.
If the market will break below we can see the price pushing to the 1700 level while if the price will hold the support and provide us a sign of inversion we will check for a nice long order.
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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 market is trading near to a weekly structure and is looking for a clear direction.
If the market will break below we can see the price pushing to the 1700 level while if the price will hold the support and provide us a sign of inversion we will check for 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
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support holds well
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moving upwards
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retest of the support
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moving to the 1820 area
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