XAUUSD looking for the 1850? 🦐
Updated
GOLD on the 4h chart tested perfectly the weekly trendline and the support structure at the 1800 area.
The price is now trading below a descending trendline and we can expect some bullish moves.
How can we approach this scenario?
I will check for a potential break of the minor resistance at the 1830 and in that case I will consider a nice long order according to the Plancton's strategy rules.
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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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price is now trading below a descending trendline and we can expect some bullish moves.
How can we approach this scenario?
I will check for a potential break of the minor resistance at the 1830 and in that case I will consider a nice long order according to the Plancton's strategy rules.
--––
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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Note
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