How to Draw Gold Trend Lines Break Technical Analysis
XAUUSD Trend Line Break Reversal Trading Signal
The gold trendline break is a gold reversal trading signal where the xauusd market goes through the trend line & starts heading in the opposite direction.
Up Gold Trend
Upward Gold Trend Line Analysis - When a up gold trend-line is broken then sentiment of the xauusd market reverses & becomes bearish
Gold Upward Trend Gold Trend-Line Break
Down Gold Trend
Downward Gold Trend-Line Analysis - when a down gold trend-line is broken then sentiment of the gold reverses & becomes bullish
Gold Downward Trend Gold Trend-Line Break
NB: for very strong gold trends, after this gold trend-line break reversal signal, xauusd trading price will consolidate for some time before heading in the opposite trend direction. For short term gold market trends then this gold trend-line break reversal signal will mean xauusd price might reverse direction immediately.
How to Draw XAUUSD Trend Line Technical Analysis on MT4
The MetaTrader 4 software provides gold charting tools for drawing the trend lines in MT4 gold charts. To draw gold trendlines on a gold chart in MT4 platform, xauusd traders can use the trendline drawing indicator tool provided on the MT4 platform that is shown on the xauusd example illustrated & explained below.
How to Draw XAUUSD Trend-Lines and Technical Analysis of XAUUSD Trend Lines in XAUUSD Trading
How to Draw Gold Trend-Lines in MT4 - How to Draw Gold Trendlines Technical Analysis
To draw gold trendlines on a gold chart - just click the MT4 gold trendline plotting tool above on the MT4 technical analysis software and select point A where you want to start drawing the trendline & then point B where you want the trend line to touch. You can also right click on MetaTrader 4 gold trend line & on the gold trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the trend-line, then uncheck this option in your MetaTrader 4 platform - gold trend line properties. You can also change other gold trend line properties such as color and width on this gold trend line property popup window of the trend line properties. You can download MT4 xauusd software & learn how to draw gold trend-lines and learn gold trend-line technical analysis with it.
