How Do You Draw Downward Gold Trend Line on MetaTrader 4?
How to Draw Downward XAUUSD Trend Lines on MT4
MT4 Gold Platform Trendline Drawing Tools for Drawing Gold Trendlines in MT4 Gold Charts
The MT4 gold trend line drawing tools used to plot gold trend-lines in MT4 are located on the MT4 charts toolbar within the MT4 platform, To access this MT4 charts toolbar if it is not activated on your MT4 platform, Click in "View" Next to the "File" menu at top left corner of MetaTrader 4 platform & click "View", Then Click on "Tool Bars" button key, Then Check the "Lines Toolbar" by clicking on it.
Below is example of the gold trading MT4 trendline plotting charts toolbar. To draw a downwards trendline on a gold chart click this gold trendline plotting tool and select the point where you want to plot the downward gold trend line.
How to Draw Downward Gold Trend Lines in MetaTrader 4
Drawing a Downward XAUUSD Trend-Line in MetaTrader 4 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 & lower highs forming a downwards general gold trend direction. These are the points that are used to plot the downward gold trend-line on MT4 xauusd charts.
To draw downward gold trends we use resistance levels & to do it correctly two resistances are needed as shown and illustrated on the xauusd example illustrated & explained below.
Drawing Downward Gold Trend Line on MT4
How to Draw a Downwards XAUUSD Channel on MT4
A downwards gold channel is drawn by plotting a line that is parallel to the downwards gold trendline & then adjusting it to touch the bottom boundary of the xauusd trading price movement. This then forms a downwards channel & as long as the trading price stays between these 2 channels the general market gold trend direction is intact the xauusd market trend direction will continue being bearish.
Drawing Downward Gold Channel on MT4
MT4 Gold Trading Platform Trendline Drawing Tools for Drawing Gold Trend-Lines in MT4 XAUUSD Charts
