How Do I Interpret a Trend Line?
A trend line can be an upwards trendline or a down-wards trend-line.
An upward trend line is made by connecting two low points on a price chart with a straight line. This line shows that prices are generally increasing because it slopes upward, which is why it's called an upward trendline. Gold traders use this line as a place where the price might find support. They often buy when the price touches this upward trendline.
A downtrend line is created by connecting two high points on a price chart using a straight line. This line indicates that prices are falling because it slopes downward, hence the name downtrend line. Gold traders use this line as a price resistance level. New sell trades are started when the price touches the downtrend line.
Guide Guide: How to Draw & Trade Up-wards Trendline
How Do I Analyze Trendline? - How Do You Interpret Trend Line?
Guide: Draw and trade downward trend lines.
Analysis of Trendlines - Trend-Line Trading
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