What is Pullback Explanation?

The gold price doesn't move upwards or downwards in a straight line. Instead the gold price moves up or down in a zigzag pattern setup formation called a trend

Upward trend - the gold price moves upwards in a trend then it retraces before resuming the up-wards trend direction

Downward trend - the gold price moves downwards in trend direction & then retraces before resuming the downward trend direction.

What Does Gold Trading Pullback Mean? A price retracement is a retracement of the gold price before the xauusd market resumes the original trend movement.

Gold Trading Pullback Explanation & Gold Trading Pullback Definition - Explanation of a Pullback Pattern

What is Trading Pullback Meaning? - What Does Pullback Mean?

Explanation of Pullback Pattern

1-2: Price Heads Up - Trend Direction

2-3: Price Pull back

3-4: Price Heads Up - Trend Direction

4-5: Price Pull back

5-6: Price Heads Up - Trend Direction

The retracement definition of price is explained on the xauusd above example - this trading pull-back represents a xauusd price retracement in an up-ward xauusd trend.

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