How to Know When a XAUUSD Trend is Starting
Steps to Identify a Beginning XAUUSD Trend - How to Identify Starting Trends in XAUUSD with Examples
Example of How to Know When a XAUUSD Up Trend is Starting
Tutorial: How to Know When a XAUUSD Up Trend is Starting - When Does a Upward XAUUSD Trend Start
Examples of How to Know When a XAUUSD Up Trend is Starting - When Does a Upward XAUUSD Trend Start
Example of How to Know When a Gold Down Trend is Starting
Tutorial: How to Know When a XAUUSD Down Trend is Starting - When Does a Downward XAUUSD Trend Start
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 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 and higher lows.
- 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 or the low gold price. These extreme gold price points are important because a gold price close beyond the extreme tells traders the xauusd trend of xauusd might be changing. This is an entry or an exit gold trading signal.
- The more often a xauusd trend line is hit but not broken, the more powerful its xauusd trend signal.
