How to Draw Gold Trend Lines Gold Trading

There are two different types of gold trend lines - upward gold trend line and downward gold trend line. The gold trading step by step procedure of how to draw gold trend lines for upward gold trend downward gold trend is explained below:

How to Draw Gold Trendlines Gold Trading on XAUUSD Charts

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

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

How to Draw Gold Trendlines Gold Trading on XAUUSD Charts

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

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

How to Draw Gold Trendlines Gold Trading on Gold Charts

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

The MetaTrader 4 gold trend line drawing tools used to draw these trend line setups on the MetaTrader 4 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 "File" at the top left corner of the MetaTrader 4 platform and click "View", Then Click on "Tool bars", Then Check the "Lines Toolbar" by clicking on it - Gold Trading MT4 Draw Line Tools - Gold Trading MT4 Drawing Tools.

Below is the example of the MetaTrader 4 gold trend line drawing charts toolbar. To draw a gold trend line on a gold chart just click on this gold trend line drawing tool and select the point where you want to draw the upward trend line or a downward gold trend line.

How to Draw Gold Trend Lines on XAUUSD Charts on MetaTrader 4 Gold Charts