Trade Gold Trading

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

Trend Line Trading

A trend line can depict either an ascending trajectory for gold or a descending one.

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 downtrend line connects two high points with a straight line. This line shows prices moving lower since it slopes down. That gives it the name downtrend line. Traders view this gold trendline as a resistance area. They start new sell trades when price touches the downtrend line.

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

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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

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Analysis of Gold Trendlines - Trend-Line Trading

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