Best Gold Trend Confirmation Indicator Gold

How to Draw XAUUSD Trendlines on MT4 Software

The MetaTrader 4 platform provides gold trend line drawing tools for drawing the trend lines in MT4 gold charts. To draw a gold trendline on a gold chart in MT4 platform, xauusd traders can use MT4 trend line drawing indicator tool provided on MT4 platform that is shown on the gold example illustrated and explained below.

Best Trend Confirmation Indicator Gold

How to Draw Gold Trend-Lines in MT4 - No Nonsense Gold Trendline Technical Indicator

To draw a gold trendline on a gold chart - just click the MT4 gold trendline plotting tool shown above on the MetaTrader 4 platform & choose point A where you want to start drawing the trendline & then point B where you want the trend line to touch. You can also right click on a gold trend line & on the gold trend line properties option select the option to extend the 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 adjust other gold trend line properties such as trend line color & trend line width on this gold trend line property popup window of the trend line properties. You can download MT4 platform & learn how to draw a gold trend line.

No Nonsense Gold Trend-line Technical Indicator

The two technical analysis gold strategies used to trade gold trend lines are:

1. XAUUSD Trend Line Break
2. Gold Trend Line Bounce

Gold technical analysis of these two gold trend line strategies is explained in the gold examples below:

Best Trend Confirmation Technical Indicator Gold - No Nonsense XAUUSD Confirmation Indicator

Gold trend line bounce - this is a gold trend continuation signal where the price bounces from the trend line & continues heading in same direction as that of the xauusd trend.

No Nonsense XAUUSD Trend Line Indicator

• In a gold upward trend the xauusd price will bounce & move upwards after hitting this upward trendline level which is the support area.

XAUUSD Upwards Trend - Gold Trend Line Bounce - Gold Price Support Level Provided by the Upward Gold Trend Line

Gold Upwards Trend - Trend Line Bounce Technical Analysis - Best Trend Confirmation Indicator Gold

No Nonsense Gold Trend-line Technical Indicator

• In a gold downward trend the xauusd price will bounce and move downwards after touching this downwards trendline which is the resistance area.

XAUUSD Downwards Trend - Gold Trendline Bounce after Touching Resistance Level Provided by the Downwards Gold Trend Line

XAUUSD Downwards Trend - Trend Line Bounce Technical Analysis - Best Trend Confirmation Indicator Gold

Best Trend Confirmation Technical Indicator Gold - No Nonsense XAUUSD Confirmation Indicator

Gold trendline break this is a gold trend reversal signal where the price goes through the trend line & begins to move in the opposite direction of the current trend.

Technical Analysis of XAUUSD Trend-Line Break

When a gold upward trend-line is broken then gold trend reverses and becomes bearish - starts moving downwards

Gold Upward Trend-Line Break - Best Trend Confirmation Indicator Gold

Technical Analysis of XAUUSD Trend-Line Break

When a gold downwards trend-line is broken then gold trend reverses and becomes bullish - starts moving upwards

XAUUSD Downward Trend-Line Break - Best Trend Confirmation Indicator Gold