Example of How to Know When a XAUUSD Down Trend is Starting
Tutorial: Steps to Identify a Starting Downward XAUUSD Trend with XAUUSD Examples
Examples of How to Know When a XAUUSD Down Trend is Starting - When Does a Downward XAUUSD Trend Start
The xauusd trend is your friend. Is a popular saying among xauusd traders because you should never go against the xauusd trend when trading xauusd. This is most reliable method to trade XAUUSD because once prices begin to move in one specific direction they can move in that direction for quite some time - therefore using this trend trading method presents opportunity to make profits from the XAUUSD market.
Principles of How to Draw Downward XAUUSD Trend Lines
Use candlestick charts to draw xauusd trend lines
- The points used to plot the trend line - downwards xauusd trend-line are along the highs of the gold price bars in a bearish gold trading market. A downwards bearish xauusd trend is defined by lower highs & lower lows.
- The points used to draw the trend lines are extremes points - the high gold price. These extreme gold price points are important because a gold price close beyond the extreme tells traders the down trend of xauusd might be changing. This is an exit gold trading signal.
- The more often a downwards xauusd trend line is hit but not broken, the more powerful its xauusd downward trend signal.
