Example of How to Know When a XAUUSD Trading Down XAUUSD Trend is Starting
Tutorial: Steps to Identify a Starting Downward Gold Trend with Gold Trading Examples
Example of How to Know When a Gold Trading Down Gold Trend is Starting
The gold trend is your friend. Is a popular saying among gold traders because you should never go against the gold trend when trading gold. This is the most reliable method to trade Gold Trading because once gold prices start to move in one direction they can move in that particular direction for quite some time - therefore using this gold trend trading method presents opportunity to make profits from the Gold Trading market.
Principles of How to Draw Downward XAUUSD Trend Lines
Use candlestick gold charts to draw gold trend lines
- The points used to draw the gold trend line - downward gold trend line are along the highs of the xauusd price bars in a bearish gold market. A downward bearish gold trend is defined by lower highs and lower lows.
- The points used to draw the gold trend lines are extremes points - the high gold price. These extreme xauusd price points are important because a gold price close beyond the extreme tells traders the down gold trend might be changing. This is an exit gold signal.
- The more often a downwards gold trend line is hit but not broken, the more powerful its gold downward gold trend signal.
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