Trade Gold Trading

How Many Chart Tops Draw a Downward Trend Line?

To draw a down-wards trendline a gold trader needs at least 2 tops

To validate a descending trend-line, a trader requires at least three price peaks to intersect the downward trend-line.

Example of Gold Downwards Trend on a trading chart

How Many Tops for Downward Trendline? Confirmation Tips

How Many Chart Tops Draw a Downwards Trend-Line?

A down trend forms when price makes series of lower highs & lower lows. Each price high is lower and lesser than prior high - lower high, each low is lower than prior low - lower low hence showing bearish gold price movement.

Determining the Minimum Number of Tops Required to Confirm a Downward Trend-Line (Applicable to Gold)

How Many Chart Tops Draw a Downward Trend-Line?

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