There are two different types of gold trend lines - upward gold trend line and downward gold trend line. The procedure of how to draw gold trend lines for upward gold trend and how to draw gold trend lines for downward gold trend is explained below:
How to Draw XAUUSD Trend Line for Intraday Trading
To draw an upward gold trend line we use support levels. To draw upward gold trend line correctly two support levels are used as shown on the upward gold trend line example illustrated and explained below - How to Draw a Trend Line for Intraday Trading.
How to Draw Trend Lines for Intraday Trading on XAUUSD Charts - How to Draw Upward Gold Trend Line
Downward XAUUSD Trend Line
To draw downward gold trend line we use resistance levels and to draw downward gold trend line correctly two resistance levels are used as shown on the downward gold trend line example illustrated and explained below - How to Draw a Trend Line for Intraday Trading.
How to Draw Trend Lines on XAUUSD Charts - How to Draw XAUUSD Downward Trend Line
How to Draw XAUUSD Trend Lines
To draw Gold Trend Lines for Intraday Trading on MT4 XAUUSD Charts use MetaTrader 4 Charts Drawing Tools for Drawing Gold Trend Lines on MetaTrader 4 XAUUSD Charts
The MetaTrader 4 gold trend line drawing tools used to draw gold trend lines on the MetaTrader 4 are located on the MT4 drawing charts toolbar within the MetaTrader 4 platform, To access this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MetaTrader 4 platform, Click in "View" Next to "File" at the top left corner of the MetaTrader 4 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 Intraday Trading - Gold MT4 Trend Line Drawing Tools.
Below is the example of the MetaTrader 4 gold trend line drawing charts gold toolbar. To draw gold trend lines on a gold chart just click on this gold trend line drawing tool and select the point where you want to draw the upward gold trend line or downward gold trend line.
How to Draw Gold Trend Lines for Intraday Trading
