Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: UPDATE! GOLD at a crucial confluence
After our previous analysis XAUUSD bounce over the weekly support and reached the daily resistance structure at the 1737 area.
The market could probably look for a retest of the weekly resistance at the 1760 level before taking a decision.
IF the market will break above the weekly resistance we will check for a long order.
On the other hand, if the market will turn again to the weekly support at the 1680 area and break below we will set a short 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 [/s2If]
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