GOLD 4h analysis 🦐

After the recent highs, gold broke the ascending trendline and retraced back as expected over the weekly support.
The market is now testing the upper trendline of a descending channel and according to Plancton' strategy if the price will break above we will set a nice long order.
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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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

Kommentera:

testing the support