How to Draw Gold Trend Lines Technical Analysis
How to Draw XAUUSD Trend Lines on MT4
The MetaTrader 4 software provides gold charting tools for drawing the trend lines in MetaTrader 4 gold charts. To draw gold trend-lines on a gold chart on MetaTrader 4 software, xauusd traders can use trend line drawing indicator tool provided on the MT4 software that is shown on xauusd trading example illustrated and explained below.
How to Draw Gold Trendlines & Technical Analysis of Gold Trendlines in Gold Trading
How to Draw Gold Trendlines on MetaTrader 4 - How to Draw Gold Trendlines Technical Analysis
To draw gold trend-lines on a gold chart - just click the MT4 gold trend-line plotting tool above on the MT4 technical analysis software and select point A where you want to start drawing the trend-line & then point B where you want the trend line to touch. You can also right click on trend line and on the gold trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the trend-line, then uncheck this option in your MT4 platform - gold trend line properties. You can also change other gold trend line properties such as color and width on this gold trend line property popup window of the trend line properties. You can download MT4 xauusd trading & learn how to draw gold trend lines & learn gold trend line technical analysis with it.
XAUUSD Trading Analysis of XAUUSD Trend Lines with Examples
There are 2 technical analysis techniques used to trade the trend lines:
- Gold Trend-line Break
- Gold Trend Line Bounce
How to Draw Gold Trendlines & Technical Analysis of Gold Trendlines in Gold Trading
The gold trend-line bounce is a continuation gold signal where the price bounces off the trend line & continues in same direction as that of the xauusd trend.
XAUUSD Trendline Bounce Technical Analysis in XAUUSD Up Trend
- In an upward gold trend, the xauusd price will bounce upward after hitting this upward trend-line level which is the support area.
Gold Up Trend - Gold Trendline Bounce after Touching The Support Levels Provided by the Upward Gold Trend Line
Gold Upwards Trend - Gold Trend-Line Bounce Technical Analysis How to Draw Gold Trend-Lines & Technical Analysis of Gold Trend Lines in Gold Trading
Gold Trendline Bounce Technical Analysis in Gold Down Trend
- In a downwards gold trend, the xauusd market will bounce downward after hitting this gold trend-line level which is the resistance area.
Gold Down Trend - Gold Trend-Line Bounce after Touching The Resistance Levels Provided by the Downward Gold Trend Line
XAUUSD Downward Trend
How to Draw Gold Trendlines & Technical Analysis of Gold Trendlines in Gold Trading
The gold trend-line break is a gold reversal trading signal where the xauusd market goes through the trend line & starts heading in opposite direction.
XAUUSD Trendline Break Technical Analysis
When a up gold trend line is broken then sentiment of the xauusd market reverses & becomes bearish
Gold Upward Trend Gold Trendline Break
XAUUSD Trendline Break Technical Analysis
When a down gold trend line is broken then sentiment of the gold reverses and becomes bullish
Gold Downwards Trend Gold Trendline Break
NB: for very strong gold trends, after this gold trend-line break reversal trading signal, xauusd price will consolidate for some time before heading in the opposite trend direction. For short term gold market trends then this gold trend-line break reversal signal will mean xauusd price may reverse immediately.
