XAUUSD Trend-Line Break out Technical Indicator MT4
XAUUSD Trend Break out Trading Indicator
After the xauusd price has moved in one specific direction for an extended period of time within a gold trend it then reaches a point where the price stops moving within the trend direction. When this happens - traders will interpret this as a signal that the trend line has been broken & this is interpreted as a gold trend reversal signal - Gold Trend Line Breakout Strategy - Gold Trendline Break-out Confirmation.
Because the trend line is the point of support and resistance and these levels of support and resistance have been broken after a gold trend-line break - we then expect the xauusd price to start moving towards the opposite direction and this is interpreted by traders as a gold trend reversal signal - Gold Trendline Support and Resistance Levels.
When Gold Trendline Support and Resistance Levels are broken by xauusd price - traders will close the open gold trade orders which they had opened. This is called profit taking.
XAUUSD Trend-Line Breakout Strategy
When xauusd price breaks out below the upwards trend line (support level) the xauusd price will then move downwards
Upwards Gold Trendline Break-out Confirmation - Gold Trendline Breakout Indicator MT4 - Gold Trend Line Breakout Strategy - Gold Trendline Breakout Confirmation
This Gold Trend Line Breakout Strategy - gold trend reversal trading signal is considered to be complete when the price closes below an upward gold trend line or when price closes higher than a downward gold trend line. This Gold Trendline Breakout Trading Strategy also provides a gold trading opportunity to open a sell gold trade once there is a Gold Trendline Break-out Confirmation - Gold Trend Reversal Signal.
Gold Trend Line Break out Strategy
When xauusd price breaks out above the downward gold trend line (resistance level) the xauusd price will then move upward
Downwards Gold Trendline Break-out Confirmation - XAUUSD Trend-Line Break out Indicator MT4 - Gold Trend Line Breakout Strategy - Gold Trendline Breakout Confirmation
This Gold Trend Line Breakout Strategy - gold trend reversal trading signal is considered to be complete when the price forms a higher low. This Gold Trend Line Breakout Strategy - gold reversal signal also provides a gold trading opportunity to open a buy gold trade once there is a Gold Trendline Break-out Confirmation - Gold Trend Reversal Signal.
XAUUSD Trendline Break out Strategy Confirmation
When trading this Gold Trend Line Breakout Strategy - gold reversal setup it is best to wait until the xauusd price breakout has been confirmed by xauusd price closing above or below the trend line, depending on the direction of the trend.
- Upwards Gold Trend Reversal - Gold Trendline Breakout Confirmation - this reversal gold signal is confirmed once the xauusd price closes below this upward trend-line, this should be the correct time to open a sell gold trade - so as to avoid a Whipsaw Gold Trendline Breakout and Retest.
- Downwards Gold Trend Reversal - Gold Trendline Breakout Confirmation - this reversal gold signal is confirmed once the xauusd price closes above the downwards gold trend-line, this should be the correct time to open a buy gold trade - so as to avoid a Whipsaw Gold Trendline Breakout and Retest.
Gold Trend Line Breakout Strategy - Gold Trendline Breakout Indicator MT4 - XAUUSD Trend-Line Break-out Confirmation - Gold Trend Breakout Indicator - Gold Trendline Support and Resistance Levels - Whipsaw Gold Trendline Breakout and Retest
