GOLD after our previous analysis moved as expected over the support and start a consolidation between the 2 converging trendlines over a weekly support. The price attempted yesterday a break below the 1900 level and got immediately pushed back above.
How can we approach this scenario?
I will check for a potential break of the minor resistance at the 1930 and in that case I wll 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
the market is still moving below the resistance area
Note
nice confluence zone, a break could mean upside continuation
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