What's Gold Retracement Explanation?
The xauusd trading price does not move up or down in a straight line. Instead the xauusd trading price moves up or down in a zigzag pattern called a gold trend
Upwards trend - the xauusd trading price moves upwards in a gold trend then it retraces before resuming the upwards trend direction
Downwards gold trend - the xauusd trading price moves downwards in gold trend direction & then retraces before resuming the downwards gold trend direction.
What Does Gold Retracement Mean? A xauusd trading price retracement is a pullback of the xauusd trading price before the xauusd market resumes the original gold trend movement.
Gold Retracement Explanation & Gold Retracement Definition - Examples of a Gold Retracement Pattern
What is Gold Retracement Meaning? - What Does Gold Retracement Mean?
Explanation of XAUUSD Retracement Pattern
1-2: Gold Price Moves Up - Gold Trend Direction
2-3: Gold Price Retracement
3-4: Gold Price Moves Up - Gold Trend Direction
4-5: Gold Price Retracement
5-6: Gold Price Moves Up - Gold Trend Direction
The retracement definition of xauusd trading price is described on the above examples - this represents a gold retracement in an upwards xauusd trend.
