GOLD on the 4h chart is a t the top of a long bull run.
The price creates a strong seres of higher highs higher lows and currently the market is trading below a minor resistance.
How cab i approach this scenario?
Is risky to take long trade at the top of a trend but I will wait for the EU market open and, IF the price will break and close above, Ii will consider a nice long order according to the Plancton's strategy rules.
--โโ
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