What are Chart Gold Trend Lines Used For?

Gold Trend lines are used to generate trade signals.

How to Use Upwards XAUUSD Trend Line

Upward gold trend line is used to generate buy xauusd trades in an upward xauusd trend. The upward gold trend line is used to show support levels for the xauusd trading price that is moving upwards as indicated by the upward trend line.

This means that the support levels of the xauusd trading prices keep moving upwards in an upwards gold trend and therefore traders can use these support levels that keep moving upwards to open new buy xauusd trades.

How to Use Upwards Gold Trend-Line - What are Gold Trend Lines Used For?

How to Use Downwards XAUUSD Trend Line

Downward gold trend line is used to generate sell xauusd trades in a downward trend. The downward gold trend line is used to show resistance levels for the xauusd trading price that is moving downwards as indicated by the downward trend line.

This means that the resistance levels of the xauusd trading prices keep moving downwards in a downwards trend and therefore traders can use these resistance levels that keep moving downwards to open new sell xauusd trades.

How to Use Downward Gold Trend-Line - What are Gold Trend Lines Used For?