Trade Gold Trading

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?

What is Pull-back? - What's Gold Trading Pullback? - Price Pull back Illustrated/Explained with Example

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 of price is described on the above example - this represents a gold trading pull-back in an upwards trend.

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