XAUUSD MT4 Draw Trend line Tools
The two types of trend lines are - upwards gold trend-line & downwards gold trendline. Guide of how to plot a trendline for upward gold trend & how to draw a trendline for downwards gold trend is illustrated below:
Draw Upwards Gold Trendline
To correctly delineate an upward trend-line for gold, support levels are employed. Proper construction of an upward gold trend-line necessitates the use of two distinct support levels, as factually shown and explained in the upward trend-line example detailed below.
How Do I Draw a Trend line on xauusd Trading Charts - How Do I Draw Upward Gold Trendline - How to Draw Trendlines - How to Draw Trend lines on MT4 Platform
Downward Gold Trendline
To draw down-wards gold trendline we use resistance zones and to draw a downwards gold trendline correctly 2 resistance zones are used as is shown & displayed on the downward gold trendline example shown and explained below.
Instructions on Charting Gold Trendlines on XAUUSD Charts - Steps for Drawing a Downward Gold Trendline - General Guidelines for Drawing Trendlines - How to Plot Trendlines within the MetaTrader 4 Application
How to Draw TrendLines
To superimpose Trendlines onto MT4 Charts, utilize the dedicated Plotting Tools available within the MT4 Charts application.
The MetaTrader 4 gold trend-line drawing tools used to draw trendlines on the MetaTrader 4 software can be found on the MT4 drawing charts gold toolbar within the MetaTrader 4 software, To access this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MetaTrader 4 software, Click "View" Next to "File" menu at the top left corner of MT4 software & click "View", Then Press on "Tool Bars" button, Then Tick "Lines Tool-bar" by clicking on it - XAUUSD MT4 Draw Trendline Tools - MT4 Gold Trendline Drawing Tools.
Pictured beneath is a sample rendering of the MT4 charting toolbar used for plotting gold trendlines. To plot a trendline on a trading chart, engage this gold trend-line drawing tool, then select precisely where you, the trader, intend to map out the prospective upward or downward trajectory for gold.
How Do I Draw Trendlines - How to Draw Trendlines - Instructions for Using MT4 Platform to Draw Trend lines on XAUUSD Charts
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