How Do I Trade Gold Breakouts using Gold Trend Lines?
Gold trend-line break outs are gold trading signals that can be used to trade gold trading reversal breakout signals.
The gold trading breakout gold trading setups commonly used to trade the xauusd market are:
The gold trend line break-out is a gold trading reversal signal where the xauusd market goes through the trend line & starts heading in the opposite direction.
Up XAUUSD Trend Breakout Strategy
When an up gold trend-line is broken then sentiment of the xauusd market reverses & becomes bearish
Gold Upward Trend Gold Trend-Line Break out - Upward Gold Trend-Line Break out Technical Analysis
XAUUSD Down Trend Breakout Strategy
When a down gold trendline is broken then sentiment reverses & becomes bullish
Gold Trading Down Trend Line Breakout
NB: for very strong gold trends, after this gold trend-line break out gold trading signal, the xauusd trading price will consolidate for some time before heading in the opposite direction of the trend. For short term gold trends then this gold trend-line break out gold signal will mean xauusd price might reverse direction immediately.