What is an Uptrend?
Up Gold trend is when the price of a gold chart is moving higher & higher. Gold Trading xauusd prices generally close higher than where they opened.
How to Trade Upwards Gold Trend: Gold traders use upward trend direction to open buy gold trades
Upward Gold Trend
Upwards Gold Trend - Drawn using an upward gold trend line
What is an Upward Gold Trend? - What is a Gold Uptrend? - What is an Uptrend?
The MT4 software provides charting tools for plotting trends on gold charts. To draw xauusd trend on gold charts traders can use trend line drawing indicator tool provided on the MT4 software that is shown below.
Definition of a Gold Upward Trend & Explanation of Gold Up Trend
To draw an upwards gold trend line in MetaTrader 4 platform & choose point A where you want to start drawing and then point B where you want the it to touch. You can also right click on the trend-line & on the properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend it, then uncheck this option in your gold trading platform.
The gold trend is your friend. Is a popular saying among gold traders because you should never trade against it. This is the most reliable gold trading method to trade Gold Trading because once price begin to move in one direction they can move in that specific direction for quite some time in what's referred to as a trend.
Principles of How to Draw & Define XAUUSD Trend
Use gold candlestick charts
- The points used to draw the gold trend are along the lows of the xauusd price bars in a rising market. An upwards bullish gold trend move is defined by higher highs & higher lows.
- The points used to draw the trend lines are extremes points - the high or the low xauusd price. These xauusd price extremes are important because a close beyond the extreme tells gold traders that the gold trend might be changing. This is an exit xauusd trading signal.
- The more often an up gold trend gold trend is touched by xauusd price but it is not broken, then the more powerful the up gold trend gold trend signal.
