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What is a Gold Trading Pullback?

The price does not move upwards or downward in a straight line. Instead the price moves up or down in a zigzag setup called a trend - in this pull back pattern the price moves upward in a trend then it retraces before resuming the trend direction - in a downward trend the price moves downward in trend direction & then retraces before resuming the trend direction.

What's pullback? A xauusd gold price retracement is a pull-back of price before the market resumes the original trend movement.

Example of Zig-zag Price Movement: The example depicted and explained below portrays price heading up in a zig-zag setup showing xauusd price trend and price pullback.

The example depicted and explained below portrays movement in an upwards market and price retracement.

What's a Pullback? - What is a Gold Pullback?

A pullback occurs when the price temporarily retraces in a trend. Gold trading pullbacks are explained with examples.

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

See the price pullback in the example. It shows a gold retrace in an up trend.

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