How Do I Make a Trend Line?
To add a gold trend-line on MetaTrader 4 platform software use charting tools for drawing the trend lines - MT4 Trend-Lines Tools.
To create gold trend lines on charts on the MT4 platform software, traders can use the add trend line tool provided on the MetaTrader 4 platform software that's shown on the illustration revealed & explained below.
How Do I Add a Trend line in MT4 Explained - Add Trend Line Tool in MT4 Platform Software
How Do You Create Trend Line? - How Do I Make a Trendline in MT4 Platform?
To create a gold trend lines on a gold chart - just click the MT4 add trend line drawing adding tool above on the MetaTrader 4 platform software and select point A where you want to start adding the trend line & then point B where you want the trend line to touch. You also can right-click on trendline & on the trend line properties option choose the choice/option to extend its ray by ticking "ray tick box", if you do not want to extend the trend-line, then untick this option on your MT4 platform software - trend line properties. You also can change other gold trendline properties such as colour and width on this gold trendline property pop-up window of the trend line properties. You can download MT4 xauusd gold trading and learn how to create and add trendlines and learn trend line with MT4 Trendlines Tools.
Trading Strategy of Trendlines with Examples
There are 2 analysis strategies used to trade the trendlines:
- Trend Line Break
- Gold Trendline Bounce
How to Create Trendlines and Strategy of Trendlines in XAUUSD Trading
The gold trend line bounce is a continuation signal where price bounces off the trend line and continues on same direction as that of the trend.
Trend-Line Bounce Strategy in Up Trend
- In an upwards trend, the price will bounce upwards after hitting this upwards trendline level which is the support level.
Gold Up Trend - Trend line Bounce after Touching Support Areas Provided by the Upwards Trend-Line
Gold Upwards Trend - Trend line Bounce Strategy Method
How Do I Create Trend lines and Trading Strategy of Gold Trendlines in Gold Trading
Trend-Line Bounce Strategy in Down Trend
- In a down-wards gold trend, the market will bounce downward after hitting this gold trend line level which is the resistance level.
Gold Down Trend - Trend line Bounce after Touching The Resistance Levels Provided by the Downwards TrendLine
Gold Downwards Trend - Trend line Bounce Strategy Method
How Do You Create Trend Lines and Strategy of Trendlines in XAUUSD Trading
How to Create Trend lines and Trading Strategy of Gold Trendlines in Gold Trading
The gold trendline break is a gold reversal signal where the market moves through the trend line & starts moving in the opposite trend direction.
Trend-Line Break Strategy
When a up trend line is broken then sentiment of the market reverses and becomes bearish
Gold Upward trend Line Break
How Do You Add Trend-Lines and Strategy of XAUUSD Trend-Lines in XAUUSD Trading
Trend-Line Break Strategy
When a down trend line is broken then sentiment of the reverses and becomes bullish
Gold Downwards trend Line Break
How Do You Add Trend lines and Strategy of Gold Trend-Lines in XAU/USD Trading
NB: for very strong trends, after this gold trend line break reversal setup, price will consolidate for a period of time before going in the opposite market trend direction. For short term gold market trends then this gold trend line break reversal setup will mean price may reverse immediately.
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