Example of How to Know When a Up Gold Trend is Starting
Course: Steps to Identify a Beginning Upwards Gold Trend with Gold Trading Examples
Example of How to Know When a Up Gold Trend is Starting
The gold trend is your friend. Is a popular saying among gold traders because you should never go against the gold trend when trading gold. This is the most reliable technique to trade Gold Trading because once xauusd trading prices begin to move in one specific direction they can move in that direction for quite some time - therefore using this market trend method presents an opportunity to make profits from the Gold Trading market.
Principles of How to Draw XAUUSD Upward Trend Lines
Use candlestick charts to draw gold trend lines
- The points used to draw the trend-line - upward gold trend-line are along the lows of the xauusd price bars in a bullish gold market. An upwards bullish gold trend is defined by higher highs & higher lows.
- The points used to draw the trend lines are extremes points - the low xauusd trading price. These extreme xauusd trading price points are important because a xauusd trading price close beyond the extreme tells traders the upward trend might be changing. This is an exit xauusd trade signal.
- The more often an upwards gold trend line is hit but not broken, the more powerful its upward trend signal.
