How Do I Create a Gold Trend Line?
To add a gold trend line in MetaTrader 4 platform use charting tools for drawing the trend lines - MT4 Gold Trend Lines Tools.
To create gold trend lines on gold charts on the MT4 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 Trend-line in MT4 Explained - Add Gold Trend Line Tool on MT4
How Do I Create Gold Trend Line? - How Do I Create a Gold Trendline in MetaTrader 4?
To create a gold trend-lines on a gold chart - just click the MT4 add gold trend line drawing adding tool above on the MT4 platform & choose point A where you want to start adding the trend line & then point B where you want the trend line to touch. You can also right click on 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 MT4 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 & learn gold trend line with MT4 Gold Trend Lines Tools.
XAUUSD Trading Strategy of XAUUSD Trend Lines with Examples
There are 2 technical analysis strategies used to trade the trend lines:
- XAUUSD Trend Line Break
- Gold Trend Line Bounce
How to Create XAUUSD Trendlines & 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 & continues in 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 upward after hitting this upward trend-line level which is the support area.
Gold Up Trend - Gold Trendline Bounce after Touching The Support Levels Provided by the Upward Gold Trend Line
Gold Upwards Trend - Gold Trend Line Bounce 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 downwards gold trend, the xauusd market will bounce downward after hitting this gold trend-line level which is the resistance area.
Gold Down Trend - Gold Trend-Line Bounce after Touching The Resistance Levels Provided by the Downward Gold Trend Line
Gold Downwards Trend - Gold Trend Line Bounce Strategy
How to Create XAUUSD Trendlines & 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 & starts heading in opposite direction.
XAUUSD Trend Line Break Strategy
When a up gold trend line is broken then sentiment of the xauusd market reverses & becomes bearish
Gold Upward Trend Gold Trendline Break
How to Add Gold Trendlines & Strategy of Gold Trend Lines in Gold Trading
XAUUSD Trend-Line Break Trading Strategy
When a down gold trend line is broken then sentiment of the gold reverses and becomes bullish
Gold Downwards Trend Gold Trendline Break
How to Add Gold Trendlines & Strategy of Gold Trend Lines in Gold Trading
NB: for very strong gold trends, after this gold trend-line break reversal trading signal, xauusd price will consolidate for some time before heading 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.
