How Do You Analyze a Gold Trend Line?

A gold trend line can be an upwards gold trendline or a downwards gold trend line.

An up gold trend-line is drawn by connecting two lows & the xauusd price lows are connected using straight line. This straight line shows that the xauusd prices are moving upward because this gold trend line slopes upward - hence its name upwards gold trend line. Gold traders then use this gold trend-line as a support zone of the xauusd price. New buy xauusd trades are opened once the xauusd price touches the upward trend line.

A down gold trend-line is drawn by connecting two highs & the xauusd price highs are connected using straight line. This straight line shows that the xauusd prices are heading downward because this gold trend line slopes downward - hence its name downwards gold trend line. Gold traders then use this gold trend line as a resistance zone of the xauusd price. New sell xauusd trades are opened once the xauusd price touches the downward gold trend line.

Course: How to Draw and Trade Upwards Gold Trendline

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

Course: How to Draw & Trade Downwards Gold Trend Line

Technical Analysis of Gold Trend Lines - Trend Line Gold Trading