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Insert Shapes on XAUUSD Charts on the MT4 Platform

To place shapes on the MT4 gold trading platform, a Gold trader can use the Insert Menu and use the insert shapes button that is shown below.

Insert Shapes on XAUUSD Charts on the MetaTrader XAUUSD Trading Platform - Insert Shapes on XAUUSD Charts on MetaTrader 4 - Insert Shapes in MT4 XAUUSD Charts

Insert Shapes on MT4

The options of which shapes that can be drawn on the MT4 platform are:

  1. Rectangle
  2. Triangle
  3. Ellipse

Draw Rectangle

To draw a rectangle on MetaTrader 4 gold charts, a gold trader will select the rectangle button and then select between which points on a Gold chart to draw this rectangle. To adjust a triangle that has already been drawn, a Gold trader can also double click anywhere on this shape and then select the square buttons that appear at all the corners of this rectangle and drag them to adjust this rectangle.

Draw Rectangle Shape on a Chart in MT4 - Insert Shapes on MetaTrader 4 XAU USD Charts - How to Draw Shapes on Gold Charts on MetaTrader Software

Drawing Rectangle Shape on MT4 Gold Charts

The rectangle shape is used to draw a consolidation range pattern where xauusd price breakout to one side will mean xauusd price movement will continue in that direction, as shown above, when the xauusd price breaks out upwards it continues to move in that direction.

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Draw Triangle

To draw a triangle, a Gold trader can select the triangle button and then on the MetaTrader 4 xauusd chart, select 3 points, point 1, 2 and 3 after which the triangle is drawn within these three selected chart points. To adjust the triangle, just double click this triangle, then select the square buttons appearing on the edges as shown below and adjust the triangle points.

Draw Triangle Shape on XAUUSD Chart on MT4 - Insert Shapes on MetaTrader 4 XAU/USD Charts - How to Draw Shapes on Gold Charts on MetaTrader Platform

Drawing Triangle on XAUUSD Charts in MT4

Draw Ellipse

To draw the ellipse shape, follow the steps below:

  1. Select the Ellipse button as shown above
  2. On the chart select point 1 and drag the mouse to point 2, (the ellipse will appear as a line)
  3. Double click the ellipse using the small squares at the middle, click, hold and drag this square and the ellipse will be adjusted as shown below.

Draw Ellipse Shape on XAUUSD Chart on MT4 - Insert Shapes in MT4 XAU USD Trading Charts - How Do I Draw Shapes on Gold Charts on MetaTrader Platform?

Drawing Ellipse Shape on MT4 XAUUSD Charts on MetaTrader 4

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