Trading XAUUSD Know When a Gold Trend is Starting
Steps to Identify a Starting Gold Trend - How to Identify Starting Trends in Gold Trading with Examples
Examples of How to Know When a Up XAUUSD Trend is Starting
Course: How to Know When a Up Gold Trend is Starting - When Does a Gold Upward Trend Start
Example of How to Know When a Up Gold Trend is Starting
Examples of How to Know When a Gold Trading Down Trend is Starting
Course: How to Know When a Gold Trading Down Trend is Starting - When Does a Gold Downwards Trend Start
Example of How to Know When a Gold Trading Down Trend is Starting
The gold trend is your friend. Is a popular saying among gold traders because you should never go against the gold trend when trading gold. This is the most reliable method to trade Gold Trading because once prices begin to move in one particular direction they can continue moving in that particular direction for quite some time - therefore using this trend trading technique presents opportunity to make profits from the Gold Trading market.
Principles of How to Draw XAUUSD Trend Lines
Use candlestick charts to draw gold trend lines
- The points used to draw the trend line - upward gold trend-line are along the lows of the xauusd price bars in a bullish gold market. An upwards bullish gold trend is defined by higher highs & higher lows.
- The points used to draw the trend line - downward gold trendline are along the highs of the xauusd price bars in a bearish gold market. A downwards bearish gold trend is defined by lower highs & lower lows.
- The points used to draw the trend lines are extremes points - the high or the low xauusd price. These extreme xauusd price points are important because a xauusd price close beyond the extreme tells traders the gold trend might be changing. This is an entry or an exit xauusd trading signal.
- The more often a gold trend line is hit but not broken, the more powerful its gold trend signal.
