How Many XAUUSD Chart Bottoms Draw an Upwards Gold Trend Line?
To draw a upwards trend line a trader needs at least two bottoms
To confirm a upwards trend line a trader needs at least three xauusd trading price bottoms to touch the upward trend line.
Example of Gold Upwards Trend on a xauusd 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 trendline which shows the general upwards direction.
How Many XAUUSD Chart Bottoms Draw an Upwards Gold Trend Line?
An up gold trend occurs when the price will continue to make 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.