How Can I Tell a Bullish Gold Trend?

Definition of a XAUUSD Upward Trend

How Can I Tell a Bullish Gold Trend? - How Can I Define a Bullish Gold Trend?

A bullish gold trend gold trend or an upward gold trend is defined by xauusd prices closing with higher highs and higher lows. This is the definition of a bullish xauusd trend.

The example illustrated and explained below defines the bullish gold trend setup

Simple Way to Identify Gold Trading Bullish Gold Trend and Upward Gold Trends

Gold Trend is the xauusd market tendency of xauusd prices to move in a particular direction for a period of time

For an Upward Gold trend the xauusd price will move in a general market direction upwards.

This means xauusd prices will close higher than where they opened.

Upward XAUUSD Trend

An upward gold trend line is drawn below the pattern by connecting at least two lows. This will draw a line that show the general gold trend direction of the xauusd trading market.

The example illustrated and explained below shows how xauusd price moves when it is moving in a bullish market upward trend. The xauusd price will move upwards forming support areas.

Since the xauusd market moves in a zigzag manner gold traders normally draw an upward gold trend line which shows the general upwards direction.

Definition of a Gold Upward Trend

An upward gold trend occurs when the price will continue making consecutive higher highs and higher lows. Each high is higher than the previous high- higher high, and each low is higher than the previous low- higher low.

Up Gold trend gold trend lines gain more validity each time xauusd price touches these trend lines but does not penetrate below the upward trend line. An up gold bullish trend remains in place until this series of higher highs and higher lows is broken - the upward trend line is broken, xauusd price moves below the upward trend line.