How to Draw Gold Trend Lines Technical Analysis
How to Draw XAUUSD Trend Lines on MT4
The MT4 platform provides gold charting tools for drawing the trend lines on MetaTrader 4 gold charts. To draw gold trend lines on a gold chart on the MetaTrader 4 platform, xauusd traders can use the trend line drawing tool provided on the MT4 software that is shown on the xauusd trading example illustrated and explained below.
How to Draw Gold Trendlines and Technical Analysis of Gold Trendlines in Gold Trading
How to Draw Gold Trend Lines on MT4 - How to Draw Gold Trend Lines Technical Analysis
To draw gold trend lines on a gold chart - just click the MetaTrader 4 gold trend line drawing tool above on the MT4 technical analysis software and select point A where you want to start drawing the trend line and then point B where you want the trend line to touch. You can also right click on the 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 MetaTrader 4 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 and learn how to draw gold trend lines and learn gold trend line technical analysis with it.
XAUUSD Trading Analysis of XAUUSD Trend Lines with Examples
There are two technical analysis methods used to trade the trend lines:
- Gold Trendline Break
- Gold Trend Line Bounce
How to Draw Gold Trendlines and 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 and continues in the same direction as that of the xauusd trend.
XAUUSD Trend Line Bounce Technical Analysis in XAUUSD Up Trend
- In an upward gold trend, the xauusd price will bounce upwards after hitting this upward trend line level which is the support level.
Gold Up Trend - Gold Trend Line Bounce after Touching The Support Levels Provided by the Upwards Gold Trend Line
Gold Upward Trend - Gold Trend Line Bounce Technical Analysis How to Draw Gold Trend Lines and Technical Analysis of Gold Trend Lines in Gold Trading
Gold Trendline Bounce Technical Analysis in Gold Down Trend
- In a downward gold trend, the xauusd market will bounce downwards after hitting this gold trend line level which is the resistance level.
Gold Down Trend - Gold Trend Line Bounce after Touching The Resistance Levels Provided by the Downwards Gold Trend Line
XAUUSD Downward Trend
How to Draw Gold Trendlines and 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 and starts moving in the opposite direction.
XAUUSD Trend Line Break Technical Analysis
When a up gold trend line is broken then the sentiment of the xauusd market reverses and becomes bearish
Gold Upward Trend Gold Trend Line Break
XAUUSD Trend Line Break Technical Analysis
when a down gold trend line is broken then the sentiment of the gold trading reverses and becomes bullish
Gold Downward Trend Gold Trend Line Break
NB: for very strong gold trends, after this gold trend line break reversal signal, the xauusd price will consolidate for some time before moving 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.
