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 786. 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.

--โ€“โ€“
Follow the Shrimp ๐Ÿฆ

Keep in mind.
๐ŸŸฃ Purple structure -> Monthly structure.
๐Ÿ”ด Red structure -> Weekly structure.
๐Ÿ”ต Blue structure -> Daily structure.
๐ŸŸก Yellow structure -> 4h structure.
โšซ๏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
240minFibonacci RetracementGoldTrend AnalysisXAUUSD

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