How Do I Draw Gold Downward Gold Trend Line on MetaTrader 4?
How to Draw XAUUSD Downward XAUUSD Trend Lines on MT4
MT4 Gold Trading Platform Trendline Drawing Tools for Drawing Gold Trendlines in MetaTrader 4 Gold Charts
The MT4 gold trend line drawing tools used to draw gold trend lines on the MetaTrader 4 are located on the MT4 charts toolbar within the MT4 platform, To access this MT4 charts toolbar if it is not activated on your MetaTrader 4 platform, Click in "View" Next to "File" at the top left corner of the MT4 platform and click "View", Then Click on "Tool bars", Then Check the "Lines Toolbar" by clicking on it.
Below is the example of the gold trading MT4 trend line drawing charts toolbar. To draw a gold downward gold trend line on a gold chart just click on this gold trend line drawing tool and select the point where you want to draw the downward gold trend line.
How to Draw Gold Downward Gold Trend Lines on MT4
Drawing a Downward XAUUSD Trend Line on MT4 XAUUSD Trading Software
When it comes to learning how to draw the down ward gold trend lines on gold charts, you need to know that when the xauusd market is bearish it forms lower lows and lower highs forming a downward general gold trend direction. These are the points that are used to draw the downward gold trend line on the MetaTrader 4 xauusd charts.
To draw downwards gold trends we use resistance levels and to do it correctly two resistances are needed as shown on the xauusd trading example illustrated and explained below.
Drawing a Downward Gold Trend Line on MetaTrader 4
How to Draw a Downwards XAUUSD Channel on MT4
A downwards gold channel is drawn by drawing a line that is parallel to the downward gold trend line and then adjusting it to touch the bottom boundary of the xauusd trading price movement. This then forms a downwards channel and as long as the xauusd trading price stays between these two channels the general market gold trend direction is intact the xauusd market trend direction will continue being bearish.
Drawing a Downward Gold Channel on MetaTrader 4
MT4 Gold Trading Platform Trend Line Drawing Tools for Drawing Gold Trend Lines on MetaTrader 4 XAUUSD Charts
