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 Intraday 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 Intraday Trading.
How to Draw Trendlines for Intraday 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 Intraday Trading.
How to Draw Trend-Lines on XAUUSD Charts - How to Draw XAUUSD Downwards Trendline
How to Draw XAUUSD Trend Lines
To draw Gold Trendlines for Intraday Trading on 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 MetaTrader 4 platform, Click in "View" Next to the "File" menu at 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 Trendline Tools for Intraday 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 Intraday Trading
