GOLD on the 4h chart after the recent high dropped at the 1660 level and tested a confluence zone between a descending trendline and static support.
The price might provide some retracement to the 0.5 Fibonacci level.
How can i approach this scenario?
According to Plancton's strategy IF the market will break below the support area i will consider a nice short order.
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Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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