How to Draw Gold Trend Lines Gold Trading

There are two different types of gold trend lines - upwards gold trend-line & downward gold trend line. The gold trading step by step technique of how to draw gold trend-lines for upwards gold trend downwards gold trend is described below:

How to Draw Gold Trendlines Gold Trading on XAUUSD Charts

To draw this upwards trend line setup we use supports. To draw it correctly two support areas are needed as shown and illustrated on the xauusd example illustrated & explained below.

How to Draw Gold Trend Lines Gold Trading on XAUUSD Charts - How to Draw Gold Up Ward Gold Trend Line

How to Draw Gold Trendlines Gold Trading on XAUUSD Charts

To draw downward gold trends we use resistance levels & to do it correctly two resistances are needed as shown and illustrated on the xauusd example illustrated & explained below.

How to Draw Gold Trend Lines Gold Trading on XAUUSD Charts - How to Draw Gold Down Ward Gold Trend Line

How to Draw Gold Trendlines Gold Trading on Gold Charts

To draw Gold Trend-Lines in MT4 XAUUSD Charts use MetaTrader 4 Charts Drawing Tools for Drawing Gold Trend-Lines in MT4 XAUUSD Charts

The MT4 gold trend line drawing tools used to plot these trend line setups in MT4 are located on the MT4 drawing charts toolbar within the MT4 gold charts, To access this MetaTrader 4 charts toolbar if it is not activated on your platform, Click in "View" Next to the "File" menu at top left corner of MT4 platform and click "View", Then Click on "Tool Bars" button key, Then Check the "Lines Toolbar" by clicking on it - Gold MetaTrader 4 Draw Line Tools - Gold Trading MT4 Drawing Tools.

Below is example of the MT4 gold trendline plotting charts toolbar. To draw a gold trendline on a gold chart click this gold trend line plotting tool & select the point where you want to plot the upward trend line or a downwards gold trend line.

How to Draw Gold Trend Lines on XAUUSD Charts in MT4 Gold Charts