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 two lows and the price lows are connected using straight line. This straight line displays 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 touches the up-ward trendline.

A down trend line is drawn by connecting two highs and the price highs are connected using straight line. This straight line displays that the prices are moving downwards because this trendline slopes downwards - hence its name down-wards 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 touches the downward trend line.

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

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

Course Guide: How to Draw & Trade Downwards Trendline

Analysis of Trend Lines - Trend Line Trading