What is a Gold Trading Pullback?
The xauusd price does not move up or down in a straight line. Instead the xauusd price moves up or down in a zigzag pattern called a gold trend - in this pullback pattern the xauusd price moves upward in a gold trend then it retraces before resuming the gold trend direction - in a downward trend the xauusd price moves downward in the gold trend direction and then retraces before resuming the gold trend direction.
What is a pullback? A xauusd price pullback is a pullback of the xauusd price before the xauusd market resumes the original gold trend movement.
Example of Zigzag XAUUSD Price Movement: The example illustrated and explained below shows xauusd price moving up in a zigzag pattern showing xauusd price trend and xauusd price pullback.
The example illustrated and explained below shows movement in an upward market and xauusd price pullback.
What is a Pullback? - What is a Gold Trading Pullback? - Gold Price Pullback Explained with Example
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 of xauusd price is explained on the above example - this represents a gold trading pullback in an upward xauusd trend.
