Concept of Support Levels and Resistance XAUUSD Chart Levels when Gold Downward Gold Trend Lines
Downward Gold Trend Series of Support Levels and Resistance Levels
Minor support and resistance levels of the xauusd price will quickly form a series of support levels and resistance levels in the short term and quickly move past these support and resistance levels in a downward gold trend direction as shown on the xauusd trading example illustrated and explained below.
Downward Trend: The pattern of this minor support and resistance points will form a series of levels whose general direction is downwards.
Downward Gold Trend Series of Support and Resistance Levels Moving in a Downwards Gold Trend Direction