There are two different types of gold trendlines - upward trendline & downwards gold trendline. Tutorial of how to draw trend lines for upwards trend & how to draw trend lines for downwards trend is explained below:
How Do I Draw Trend Line for Swing Trading
To draw an up-wards gold trendline we use support levels. To draw upward trend line correctly two support levels are used as displayed on the up-wards trend line example illustrated and explained below - How to Draw a Trend Line for Swing Trading.
How Do I Draw Trend Lines for Swing Trading on Charts - How Do I Draw Upward Trendline
Downward Trend-Line
To draw downwards gold trendline we use resistance levels and to draw downward trend line correctly 2 resistance levels are used as illustrated on the downwards gold trend line example illustrated and explained below - How to Draw a Trend Line for Swing Trading.
How Do I Draw Trend Lines on Charts - How Do I Draw Downward Trend-Line
How to Draw Trend Lines
To draw Trend Lines for Swing Trading on MT4 XAUUSD Charts use MT4 Charts Plotting Tools for Drawing Trendlines on MT4 XAUUSD Charts
The MetaTrader 4 trend line drawing tools used to plot gold trendlines on MetaTrader 4 are located on the MT4 drawing charts tool bar within MetaTrader 4 platform, To access this MT4 charts drawing tools tool bar if it is not activated on your MT4 software, Press in 'View' Next to the 'File' menu at left top corner of MetaTrader 4 platform and click 'View', Then Click on "Gold Tool-Bars", Then Tick on the "Gold Lines Toolbar" by clicking on it - XAUUSD MT4 Draw Trend Line Tools for Swing Trading - MetaTrader 4 Trend Line Drawing Tools.
Shown Below is examples of MetaTrader 4 trend line drawing charts gold toolbar. To draw trend lines on a gold chart click this gold trendline plotting tool & choose point where you as a trader want to draw the upwards trend line or downwards gold trend line.
How Do I Draw Trend Lines for Swing Trading
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