How Do I Draw Gold Trend Lines for Intraday Gold Trading?

How to Draw XAUUSD Trend Lines for Intraday XAUUSD Trading

Example 1: How to Draw Upward XAUUSD Trend Lines for Intraday XAUUSD Trading

To draw an upward gold trend line on a gold chart use two support points in a bullish upward gold trend so as to draw the upward gold trend line and then extend the gold trend line as shown below. The upward gold trend line on a gold chart will show the general direction of gold prices and as long as xauusd price is above this upward gold trend line then the upward gold trend will remain intact - bullish up xauusd trend.

If gold prices move below the intraday gold upward gold trend line which is the support level for the bullish upward gold trend then xauusd traders should close all their open xauusd trades - because this might be a gold trend reversal signal. In an upward gold trend xauusd price should generally stay above the support level which is marked by the upward intraday gold trend line.

How to Draw Gold Trend Lines for Intraday Gold Trading - Up Gold Trend Trend Line

How to Draw Upward Gold Trend Lines for Intraday Gold Trading

Example 2: How to Draw Downward XAUUSD Trend Lines for Intraday XAUUSD Trading

To draw a downward intraday gold trend line on a gold chart use two resistance points in a bearish downward gold trend so as to draw the downward gold trend line and then extend the gold trend line as shown below. The downward gold trend line on a gold chart will show the general direction of gold prices and as long as xauusd price is below this downward gold trend line then the downward intraday gold trend will remain intact - bearish down xauusd trend.

If gold prices move above the downward gold trend line which is the resistance level for the bearish downward gold trend then traders should close all their open xauusd trades - because this might be a gold trend reversal signal. In an downward gold trend xauusd price should generally stay below the resistance level which is marked by the downward intraday gold trend line.

How to Draw Gold Trend Lines for Intraday Gold Trading - Down Gold Trend Trend Line

How to Draw Downward Gold Trend Lines for Intraday Gold Trading

How to Draw Gold Trend Lines for Intraday Gold Trading on MT4

The MT4 platform provides charting tools for drawing the gold trend lines on gold charts. To draw intraday gold trend lines on a xauusd chart, xauusd traders can use the gold trend line drawing tool provided on the MT4 software that is shown below.

How to Draw Gold Trend Lines for Intraday Gold Trading on MT4

To draw gold trend lines on a gold chart - just click the gold trend line drawing tool above on the MT4 technical analysis software and select point A where you want to start drawing and then point B where you want the gold trend line to touch. You can also right click on the gold trend line and on the gold trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the gold trend line, then uncheck this option in your MetaTrader 4 platform. You can also change other gold trend line properties such as color and width on this gold trend line property popup window of the gold trend line properties. You can download MT4 xauusd trading and learn how to draw gold trend lines with it.