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What is a Gold Trading Pullback?

The price doesn't move upwards or downward in a straight line. Instead the price moves up or down in a zigzag setup called a trend - in this pullback pattern the price moves upward in a trend then it retraces before resuming the trend direction - in a down ward trend the price moves downward in trend direction and then retraces before resuming the trend direction.

What's pullback? A xauusd price retracement is a pullback of the price before the market resumes the original trend movement.

Example of Zig-zag Price Movement: The example depicted and explained below portrays price heading up in a zig-zag setup showing xauusd price trend and price pullback.

The example depicted and explained below portrays movement in an upwards market and price pull-back.

What's a Pullback? - What is a Gold Trading Pullback?

What is Pullback? - What's Gold Trading Pullback? - Price Pullback Explained with Example

1-2: Price Moves Up - Trend Direction

2-3: Price Pull Back

3-4: Price Moves Up - Trend Direction

4-5: Price Pull Back

5-6: Price Moves Up - Trend Direction

The pullback of price is described on the above example - this represents a gold trading pullback in an upward trend.

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