Trade Gold Trading

How Do I Make a Trend Line?

To add a gold trend-line on MetaTrader 4 platform software use charting tools for drawing the trend lines - MT4 Trend-Lines Tools.

To create gold trend lines on charts on the MT4 platform software, traders can use the add trend line tool provided on the MetaTrader 4 platform software that's shown on the illustration revealed & explained below.

How Do I Add a Trend line in MT4 Explained - Add Trend Line Tool in MT4 Platform Software

How to Create a Trend-Line in the MT4 Software - How Do You Place a Trend-Line on Charts?

How Do You Create Trend Line? - How Do I Make a Trendline in MT4 Platform?

To draw a trend line on a gold chart, click the trend line tool in MT4 at the top of the MetaTrader 4 software. Pick point A to begin the line, then point B where it ends. You can right-click the trend line and select properties. There, check the ray box to extend it. If not, uncheck that option in the MT4 trend line properties. Change color or width in the same pop-up for the gold trend line. Download MT4 for XAUUSD gold trading to practice adding trend lines with MT4 tools.

Trading Strategy of Trendlines with Examples

There are 2 analysis strategies used to trade the trendlines:

  1. Trend Line Break
  2. Gold Trendline Bounce

The Trade Strategy of these two trend line gold strategies is explained using the example shown & explained below:

How to Create Trendlines and Strategy of Trendlines in XAUUSD Trading

The gold trend line bounce is a continuation signal where price bounces off the trend line and continues on same direction as that of the trend.

Trend-Line Bounce Strategy in Up Trend

  • In an upwards trend, the price will bounce upwards after hitting this upwards trendline level which is the support level.

Gold Up Trend - Trend line Bounce after Touching Support Areas Provided by the Upwards Trend-Line

How Do You Make a Trend-Line on the MT4 Software? - How Do You Draw Upwards TrendLine in MT4 Software?

Gold Upwards Trend - Trend line Bounce Strategy Method

How Do I Create Trend lines and Trading Strategy of Gold Trendlines in Gold Trading

Trend-Line Bounce Strategy in Down Trend

  • In a down-wards gold trend, the market will bounce downward after hitting this gold trend line level which is the resistance level.

Gold Down Trend - Trend line Bounce after Touching The Resistance Levels Provided by the Downwards TrendLine

How Do I Interpret MT4 Downwards TrendLine in MT4 Chart?

Gold Downwards Trend - Trend line Bounce Strategy Method

How Do You Create Trend Lines and Strategy of Trendlines in XAUUSD Trading

How to Create Trend lines and Trading Strategy of Gold Trendlines in Gold Trading

The gold trendline break is a gold reversal signal where the market moves through the trend line & starts moving in the opposite trend direction.

Trend-Line Break Strategy

When a up trend line is broken then sentiment of the market reverses and becomes bearish

How Do I Analyze Trading When an Upwards Trading Trendline is Broken Trading Upward Trend Line Break Signals?

Gold Upward trend Line Break

How Do You Add Trend-Lines and Strategy of XAUUSD Trend-Lines in XAUUSD Trading

Trend-Line Break Strategy

When a down trend line is broken then sentiment of the reverses and becomes bullish

How Do You Analyze When Downward Trendline is Broken Downward Trendline Break Signals?

Gold Downwards trend Line Break

How Do You Add Trend lines and Strategy of Gold Trend-Lines in XAU/USD Trading

NB: for very strong trends, after this gold trend line break reversal setup, price will consolidate for a period of time before going in the opposite market trend direction. For short term gold market trends then this gold trend line break reversal setup will mean price may reverse immediately.

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