What is Gold Trading Pullback Meaning?
The xauusd price does not move upward or downward in a straight line. Instead the xauusd price moves up or down in a zigzag pattern called a gold trend
Upward gold trend - the xauusd price moves upward in a gold trend then it retraces before resuming the upward trend direction
Downward gold trend - the xauusd price moves downward in the gold trend direction and then retraces before resuming the downward gold trend direction.
What Does Gold Trading Pullback Mean? A xauusd price pullback is a retracement of the xauusd price before the xauusd market resumes the original gold trend movement.
Gold Trading Pullback Meaning and Gold Trading Pullback Definition - Example of a Gold Trading Pullback Pattern
What is Gold Trading Pullback Meaning? - What Does Gold Trading Pullback Mean?
Explanation of XAUUSD Trading Pullback Pattern
1-2: Gold Price Moves Up - Gold Trend Direction
2-3: Gold Price Pullback
3-4: Gold Price Moves Up - Gold Trend Direction
4-5: Gold Price Pullback
5-6: Gold Price Moves Up - Gold Trend Direction
The pullback definition of xauusd price is explained on the xauusd trading example above - this gold trading pullback represents a xauusd price pullback in an upward xauusd trend.
