XAUUSD looking for a deeper retracement? 🦐

GOLD on the 4h chart is providing us a deeper retracement outlook.
The price after the recent test of the weekly resistance is testing the 0.618. Fibonacci level above a dynamic support.

How can i approach this scenario?

I will wait for the European market open and check for a possible break of the trendline.
In that case, i will look for a nice short 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

Yorum:

totally as expected

Yorum:

the price reached the 1850 area as expected

Yorum:

the price reached the 1830 support area

Yorum:

A 2.7% profit

Yorum:

a 4.3% profit here

Yorum:

perfect call and test of the ascending trendline