What's a Gold Retracement?

What's a XAUUSD Price Retracement in XAUUSD Trading?

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 - in this pattern the xauusd trading price moves upwards in a gold trend then it retraces before resuming the gold trend direction - in a downward trend the xauusd trading price moves downwards in gold trend direction and then retraces before resuming the gold trend direction.

What is retracement? A xauusd trading price retracement is a pullback of the xauusd trading 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 trading price moving up in a zigzag pattern showing xauusd price trend and xauusd trading price retracement.

The example illustrated and explained below shows movement in an upward market and xauusd trading price retracement.

What is Retracement? - What's Gold Retracement? - Gold Price Retracement Explained with Example

What's Retracement Trading in XAUUSD Trading?

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 of xauusd trading price is described on the above examples - this represents a gold retracement in an upwards xauusd trend.