There are two different types of gold trend lines - upwards gold trend line & downward gold trend line. Procedure of how to draw gold trend lines for upwards gold trend & how to draw gold trend lines for downwards gold trend is described below:
How to Draw XAUUSD Trend Line for Day Trading
To draw an upwards gold trend line we use support levels. To plot upwards gold trend line correctly 2 support areas are used as displayed on the upwards trend line example illustrated and explained below - How to Draw a Trend Line for Day Trading.
How to Draw Trend Lines for Day Trading on XAUUSD Charts - How to Draw Upward Gold Trend Line
Downwards XAUUSD Trend Line
To draw downwards gold trend line we use resistance zones & to draw downwards gold trend line correctly two resistance areas are used as illustrated on the downwards gold trend line example illustrated and explained below - How to Draw a Trend Line for Day Trading.
How to Draw Trend Lines on XAUUSD Charts - How to Draw XAUUSD Downwards Trendline
How to Draw XAUUSD Trend Lines
To draw Gold Trend Lines for Day Trading in MetaTrader 4 XAUUSD Charts use MT4 Charts Drawing Tools for Drawing Gold Trend Lines in MT4 XAUUSD Charts
The MT4 gold trend line drawing tools used to plot gold trend lines in MT4 are located on the MT4 drawing charts toolbar within the MT4 platform, To access this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MT4 platform, Click in "View" Next to the "File" menu at top left corner of MT4 platform and click "View", Then Click on "Gold Tool bars", Then Check the "Gold Lines Toolbar" by clicking on it - XAUUSD MetaTrader 4 Draw Gold Trend Line Tools for Day Trading - Gold MetaTrader 4 Trend Line Drawing Tools.
Below is example of the MT4 gold trend line drawing charts gold toolbar. To draw gold trendlines on a gold chart click this gold trend line plotting tool & choose the point where you want to plot the upward trend line or downwards gold trend line.
How to Draw Gold Trend Lines for Day Trading
