Gold Monthly Weekly Daily analysis 🦐

GOLD on the monthly chart is moving inside and historical ascending channel.
The price after hitting the historical highs started a retracement move until the 0.5 fib level over the exponential moving average almost at the 0.618 fib retracement.
On the daily chart, the price tested the top trendline of the descending channel and retraced until the 1860 area below the ema.
IF the price will break and close below the weekly support we can look for a nice short order according to Plancton's strategy.
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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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger