How Do I Analyze a Trend Line?

A trend line can be an upwards trendline or a down-wards trend-line.

An up trend line is drawn by connecting/joining two lows and the price lows are connected using straight line. This straight line shows that the prices are moving upward because this trendline slopes up-ward - hence its name up-wards trendline. Gold traders then use this trend line as a support zone of price. New buy trade transactions are opened once the price tests/touches the up-ward trendline.

A down trend-line is drawn by connecting/joining two highs and the price highs are connected using straight line. This straight line shows that the prices are moving downwards because this trendline slopes downwards - hence its name downwards trend-line. Gold traders then use this trend line as a resistance zone of the price. New sell trade transactions are opened once the price tests/touches the downward trendline.

Course Guide: How to Draw & Trade Up-wards Trendline

How to Interpret a Trend Line - Trading Analysis of Trendlines

How Do I Interpret Trendline? - How Do You Analyze Trend Line?

Course Guide: How to Draw & Trade Downwards Trendline

How Do I Interpret a Trend Line? - Trading Analysis of Trendlines - When Does a Downwards Trend Start?

Analysis of Trendlines - Trend Line Trading

More Tutorials & Topics:

Trade Gold Trading

How Do I Analyze a Trend Line?