How Do I Draw Upward Gold Trend Line on MetaTrader 4?
How to Draw Upward XAUUSD Trend Lines on MT4
MT4 Gold Trading Platform Trendline Drawing Tools for Drawing Gold Trend Lines in MetaTrader 4 Gold Charts
The MetaTrader 4 gold trend line plotting tools used to plot these trend line setups in MT4 are located on the MT4 drawing charts tool bar within MT4 platform, To access this MT4 charts toolbar if it is not activated on your platform, Click in 'View' Next to 'File' menu at tops left corner of MetaTrader 4 platform & click 'View', Then Click on 'Tool Bars' button key, Then Check 'Lines Toolbar' by clicking on it.
Shown Below is examples of MetaTrader 4 gold trendline drawing charts tool-bar. To draw an upward gold trend-line on a gold chart click this gold trend-line plotting tool & select the point where you want to plot the upwards trend line.
How to Draw Upward Gold Trend Lines in MetaTrader 4
Drawing a XAUUSD Trend Line on MT4
When market moves upwards it forms higher highs & higher lows forming a bullish market movement. An upward gold trendline can then be drawn by connecting these higher lows.
To draw this upward trend setup we use supports. To draw it correctly two support levels are needed as shown and illustrated on the xauusd trading example illustrated and explained below.
Drawing a Gold Trend Line - Gold Up Ward Gold Trend Line on MT4
XAUUSD Upward Channel
A gold channel is drawn by drawing a line that is parallel to the upward trend line & then adjusted to touch the tops boundary of the xauusd price movement. This then forms an upward channel and as long as the price stays between these 2 trend channels the bullish upward market movement will continue heading upwards.
Drawing a Gold Channel - Gold Trading Up Ward Channel on MT4
How to Draw Upward Gold Trendlines on MetaTrader 4 - Gold Trend Lines and Channels
