GOLD on the 4h chart is providing us a deeper retracement outlook.
The price after the recent test of the weekly resistance is testing the 0.618. Fibonacci level above a dynamic support.
How can i approach this scenario?
I will wait for the European market open and check for a possible break of the trendline.
In that case, i will look for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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