How Many XAUUSD Chart Bottoms Draw an Upwards Gold Trend Line?
To draw a gold upwards gold trend line a gold trader needs at least two bottoms
To confirm a gold upwards gold trend line a gold trader needs at least three xauusd price bottoms to touch the upward gold trend line.
Example of Gold Upwards Trend on a gold chart
How Many XAUUSD Chart Bottoms Draw an Upwards Gold Trend Line?
Since the xauusd market moves in a zigzag manner traders normally draw a gold trend line which shows the general upwards direction.
How Many XAUUSD Chart Bottoms Draw an Upwards Gold Trend Line?
An up gold trend occurs when the xauusd price makes consecutive higher highs and higher lows. Each high is higher than the previous high- higher high , and each low is higher than the previous low- higher low.