How to Trade Upward Gold Trend Line Reversal Gold Trading Signals Combined with Double Top Reversal Chart Patterns Gold Trading Setups
Upward XAUUSD Trend Reversal Signals and Double Tops Reversal Chart Patterns Strategy
Up XAUUSD Trend Trading Reversal
When xauusd price breaks-out below the upwards trend-line (support) xauusd market will then move downwards
How to Trade an Up Gold trend Reversal? - Strategy for Trading a Gold Upward Trend Reversal
Upward XAUUSD Trend Reversal Trading Strategy
After xauusd price has moved in an upward direction for an extended period of time within a up gold trend it reaches a point where it stops moving within the upward trend. When this happens we say that the upwards trend line has been broken & this is interpreted as a upwards trend reversal signal.
Since the upwards trend line is point of support & this point of support has been broken after a up gold trend-line break - we then expect the xauusd price to move downward towards the opposite direction and this is interpreted as a up gold trend reversal signal.
This gold trading reversal signal can be combined with the double top reversal chart patterns explained below:
Combining Upwards Gold Trend Line Reversal Gold Trading Signals with Double Top Reversal Chart Patterns
A good trade setup to combine upward trend reversal setup with is the double tops patterns - Double Tops Reversal Chart patterns Guide.
Double top reversal chart patterns setup should already have formed before the up gold trendline break trading signal. Because these double top are also reversal xauusd trading signals, then combining these two gold trend reversal setups will give gold traders a good probability of avoiding a gold trading whipsaw.
In the above upward trend reversal setup these double tops reversal setups can be confirmed to have formed even before the trend line reversal xauusd trading signal popped up.
Example of Upward Direction Reversal - the Double tops reversal chart pattern had already formed before upwards trend-line break signal appeared on the xauusd chart.
Combining Upward Gold Trend Line Reversal Gold Trading Signals with Double Top Reversal Patterns
