Gold on the weekly chart has moved inside an ascending channel since the beginning of 2019.
The market after hitting the historical highs start a retracement move inside a descending channel within the major one.
On the daily chart price broke below the 1890 support and tested the lower structure at 1860.
IF the price will break below the 1850 area we can expect a test of the lower daily structure.
–––––
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 market after hitting the historical highs start a retracement move inside a descending channel within the major one.
On the daily chart price broke below the 1890 support and tested the lower structure at 1860.
IF the price will break below the 1850 area we can expect a test of the lower daily structure.
–––––
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.
