Why bother trading gold outside of its trendline bounces? Its just guessing
With due respect to those who use trend lines, I find the concept strange. I don't see price moving diagonally and the angle of a trend line one draws can have consequences of either a trend line break or rejection. Personally horizontal lines are precise when one looks left. Price moves up or down and will either break that line or it doesn't.
So from your "trend line" bounce at the "bottom" why would you buy a falling price trend using your lower peaks concept? Are these demo trading punts that you post up and if wrong you have not lost any $$ but when correct you get good gloat ca$h?
Nominate your trading strategy, trend trading or bottom picking swing trading or just contrarian buy when nobody wants?
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