XAUUSD can move higher 🦐

Updated
GOLD on the 4h chart reached the recent low at the 1615 level where the price inverted to the upside and tested the descending trendline.
The market creates a inverted Head and shoulder opportunity but we will need to see a right shoulder development in the next house to confirm the pattern.

How can i approach the scanrio?

If the price will break and close above the descending trendline ii can look for 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
Note
snapshot moving to the upside
Note
snapshot a perfect confluence rejection
240minInverse Head and ShouldersTrend AnalysisXAUXAUUSD

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