How Do I Create a Gold Trend Line?
To add a gold trend line on the MT4 platform use charting tools for drawing the trend lines - MetaTrader 4 Gold Trend Lines Tools.
To create gold trend lines on gold charts on the MetaTrader 4 platform, xauusd traders can use the add gold trend line tool provided on the MT4 software that is shown on the xauusd trading example illustrated and explained below.
How to Add a Trendline in MT4 Explained - Add Gold Trend Line Tool on MetaTrader 4
How Do I Create a Gold Trend Line? - How Do I Create a Gold Trend Line on MT4?
To create a gold trend lines on a gold chart - just click the MetaTrader 4 add gold trend line drawing adding tool above on the MT4 platform and select point A where you want to start adding the trend line and then point B where you want the trend line to touch. You can also right click on the trend line and on the gold trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the trend line, then uncheck this option in your MetaTrader 4 platform - gold trend line properties. You can also change other gold trend line properties such as color and width on this gold trend line property popup window of the trend line properties. You can download MT4 xauusd trading and learn how to create and add gold trend lines and learn gold trend line with MetaTrader 4 Gold Trend Lines Tools.
XAUUSD Trading Strategy of XAUUSD Trend Lines with Examples
There are two technical analysis strategies used to trade the trend lines:
- XAUUSD Trend Line Break
- Gold Trend Line Bounce
How to Create XAUUSD Trend Lines and Trading Strategy of XAUUSD Trend Lines in XAUUSD Trading
The gold trend line bounce is a continuation gold signal where the price bounces off the trend line and continues in the same direction as that of the xauusd trend.
XAUUSD Trend Line Bounce XAUUSD Trading Strategy in XAUUSD Up Trend
- In an upward gold trend, the xauusd price will bounce upwards after hitting this upward trend line level which is the support level.
Gold Up Trend - Gold Trend Line Bounce after Touching The Support Levels Provided by the Upwards Gold Trend Line
Gold Upward Trend - Gold Trend Line Bounce Gold Trading Strategy
How to Create Gold Trendlines and Trading Strategy of Gold Trendlines in Gold Trading
XAUUSD Trend Line Bounce XAUUSD Trading Strategy in XAUUSD Down Trend
- In a downward gold trend, the xauusd market will bounce downwards after hitting this gold trend line level which is the resistance level.
Gold Down Trend - Gold Trend Line Bounce after Touching The Resistance Levels Provided by the Downwards Gold Trend Line
Gold Downward Trend - Gold Trend Line Bounce Gold Trading Strategy
How to Create XAUUSD Trend Lines and Trading Strategy of XAUUSD Trend Lines in XAUUSD Trading
How to Create Gold Trendlines and Trading Strategy of Gold Trendlines in Gold Trading
The gold trend line break is a gold reversal trading signal where the xauusd market goes through the trend line and starts moving in the opposite direction.
XAUUSD Trend Line Break XAUUSD Trading Strategy
When a up gold trend line is broken then the sentiment of the xauusd market reverses and becomes bearish
Gold Upward Trend Gold Trend Line Break
How to Add Gold Trend Lines and Trading Strategy of Gold Trend Lines in Gold Trading
XAUUSD Trend Line Break Trading Strategy
when a down gold trend line is broken then the sentiment of the gold trading reverses and becomes bullish
Gold Downward Trend Gold Trend Line Break
How to Add Gold Trend Lines and Trading Strategy of Gold Trend Lines in Gold Trading
NB: for very strong gold trends, after this gold trend line break reversal signal, the xauusd price will consolidate for some time before moving in the opposite trend direction. For short term gold market trends then this gold trend line break reversal signal will mean xauusd price may reverse immediately.
