How Do You Analyze a Gold Trend with a Gold Trend Line?

Trend Line Trading

A trend line can be an upwards gold trend-line or a downward trend-line.

An up trend line is drawn by connecting two lows and the price lows are joined using straight line. This straight line highlights that the prices are moving upward because this gold trend-line slopes upward - hence its name upwards gold trendline. Traders then use this gold trend-line as a support zone of the price. New buy trade transactions are opened once the price touches the upward trend-line.

A down trend line is drawn by connecting two highs and the price highs are joined using straight line. This straight line highlights that the prices are heading downward because this gold trend-line slopes down ward - hence its name downward trend line. Traders then use this gold trend-line as a resistance zone of the price. New sell trade transactions are opened once the price touches the down ward trend line.

Guide: How to Draw & Trade Upward Gold Trend Line - Analysis for Beginners

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Guide: How to Draw and Trade Down-wards Gold Trend Line - Analysis for Beginners

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Trading Analysis of Gold Trend Lines - Trend Line Trading

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How Do You Analyze a Gold Trend with a Gold Trend Line?

Trend Line Trading