How Do You Interpret a Gold Trend with a 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/joining two lows and the price lows are joined using straight line. This straight line displays that the prices are moving upward because this gold trend-line slopes upward - hence its name upwards gold trendline. Traders then use this gold trendline as a support zone of the price. New buy trade transactions are opened once price tests/touches the upward trend-line.

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

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

Analysis of Gold Trendlines - How to Interpret/Analyze an Upward Trend Signal in Chart Signals

How Do I Interpret Trend with a Gold Trend Line? - Trading Analysis for Beginners - How Do I Interpret a Gold Trend with a Gold Trend-Line?

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

How Do You Interpret a Trend with a Trend Line? - How to Trade a Gold Downward Trend Line Signal

Analysis of Gold Trendlines - Trend-Line Trading

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

Trend Line Trading