GOLD on the daily chart after the recent retest of 0.382 Fibonacci level is moving to the daily support. The market is looking for a possible break of the structure and a potential retest of the strong support level at the 1680 zone.
How can i approach this scenario?
I will wait for a potential break of the area and in that case i will look for a nice short 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