Gold Trend Indicators Free XAUUSD Indicators of Buy & Sell Trading Signals
How to Draw Gold Trend Lines in MT4 Software
The MetaTrader 4 software provides gold trendline drawing tools for drawing the trend lines on MetaTrader 4 gold charts. To draw a gold trendline on a gold chart on MetaTrader 4 software, xauusd traders can use MetaTrader 4 gold trendline drawing indicator tool provided in the MT4 platform that is shown on the gold example illustrated & described below.
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How to Draw Gold Trendlines on MetaTrader 4 - Gold Trend Indicators Free XAUUSD Indicators of Buy & Sell Trading Signals
To draw a gold trend-line on a gold chart - just click the MT4 gold trend-line plotting tool shown above on the MT4 platform & choose point A where you want to start drawing the trend-line & then point B where you want the trend line to touch. You can also right click on a gold trend line and on the gold trend line settings option select the option to extend the ray by ticking the "ray check box", if you do not want to extend the trend-line, then uncheck this option in your MT4 trading xauusd platform - gold trend line settings. You can also adjust other gold trend line settings such as gold trend line color & gold trend line width on this gold trend line property tab of the trend line settings. You can download MT4 trading xauusd platform & learn how to draw a gold trend line.
XAUUSD Trend Indicators Free XAUUSD Indicators of Buy & Sell Trading Signals
The two gold analysis gold strategies used to trade gold trend lines are:
- Gold Trend Line Break Reversal Trading Signal
- Gold Trend Line Bounce
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Gold trend line bounce - this is a trading gold trend continuation signal where the price bounces from the trend line & continues heading in same direction as that of the xauusd trend.
Gold Up Trend
- In an upward gold trend the xauusd price will bounce & move upwards after hitting this upward trend-line level which is the support area.
Gold Up Trend - Gold Trend Line Bounce - Gold Price Support Level Provided by the Upward Gold Trend Line
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Gold Down Trend
- In a downwards gold trend the xauusd price will bounce and move downwards after touching this downwards trendline which is the resistance level.
Gold Down Trend - Gold Trend-Line Bounce after Touching Resistance Level Provided by the Downwards Gold Trend Line
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Gold trend-line break this is a gold trend reversal signal where the price goes through the trend line and then starts to move in the opposite direction of the current xauusd trend.
XAUUSD Up Trend
When an upward gold trend-line is broken then the gold trend then reverses & becomes a downward xauusd trend.
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Gold Down Trend
When a downwards gold trend-line is broken then the gold trend then reverses & becomes an upwards xauusd trend.
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