Gold has reached in the last weeks a key level of 2072 and retraced back below the 2000 level creating a new highs.
On the weekly chart (lower left) we can see that retracement touched the 0.5 fib level and went back at the 0.382.
Price on the daily chart (lower right) is moving between a lower support structure at the 0.382 and a discending trendline, creating a triangle pattern.
We can expect the price to break above the discending trendline and the upper daily structure to create new highs
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
On the weekly chart (lower left) we can see that retracement touched the 0.5 fib level and went back at the 0.382.
Price on the daily chart (lower right) is moving between a lower support structure at the 0.382 and a discending trendline, creating a triangle pattern.
We can expect the price to break above the discending trendline and the upper daily structure to create new highs
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.