When Does a Upward XAUUSD Trend Start?
Course: Steps to Identify a Starting Upwards XAUUSD Trend with XAUUSD Examples
Examples of How to Know When a XAUUSD Up Trend is Starting - When Does a Upward 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 the most reliable technique to trade XAUUSD because once gold trading prices begin to move in one specific direction they can move in that direction for quite some time - therefore using this market trend method presents an opportunity to make profits from the XAUUSD market.
Principles of How to Draw Upward XAUUSD Trend Lines
Use candlestick charts to draw xauusd trend lines
- The points used to plot the trend-line - upwards xauusd trendline are along the lows of the gold price bars in a bullish gold market. An upwards bullish xauusd trend is defined by higher highs & higher lows.
- The points used to draw the trend lines are extremes points - the low gold trading price. These extreme gold price points are important because a gold trading price close beyond the extreme tells traders the upward trend of xauusd might be changing. This is an exit gold trade signal.
- The more often an upward xauusd trend line is hit but not broken, the more powerful its xauusd upward trend signal.
