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If there are none, I will go long or short depending on the short term trend4. If there are, I will wait until the market reaches those numbers to look for a reversal5. I will trade against the trend if I find a candlestick reversal pattern with confirmation Bullish Engulfing, Hammer, Morning Star, Shooting Star6. When trading against the short term trend, I will set my limit at the 50% fib retracement levelRules of the Plan1. Never trade during consolidation2. ALWAYS close out a trade if the MAs cross against a position3.
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Eventually, this is just a natural means of predicting the market of trading and helps you in forex profit anyway.
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Shareholders lose because forward selling distorts gold's supply/demand fundamentals and puts downward pressure on the price of gold.
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