How Do You Draw Downward XAUUSD Trend Line on MT4?
How to Draw Downward XAUUSD Trend Lines on MetaTrader 4
MetaTrader 4 Platform XAUUSD Trend Line Drawing Tools for Drawing XAUUSD Trend-Lines on MetaTrader 4 XAUUSD Charts
The MT4 xauusd trend line drawing tools used to plot xauusd trend lines on the MetaTrader 4 are located on the MetaTrader 4 charts toolbar within MT4 platform, To get this MetaTrader 4 charts toolbar if it is not activated on your MT4 software, Click in 'View' Next to the 'File' menu at top left corner of MT4 software and click 'View', Then Click on 'Tool Bars' button key, Then Check the 'Lines Tool-bar' by clicking on it.
Below is example of the xauusd MetaTrader 4 trend line drawing charts toolbar. To draw a xauusd downwards trend-line on a xauusd chart click this xauusd trend-line plotting tool and select the point where you want to plot the downward xauusd trend line.
How to Draw Downward XAUUSD Trend Lines on MetaTrader 4
Drawing a Downwards Gold Trend-line on MetaTrader 4 Platform
When it comes to learning how to draw the down ward xauusd trend lines on gold charts, you need to know that when the xauusd market is bearish it forms lower lows & lower highs forming a downward general xauusd trend direction. These are the points that are used to plot the downward xauusd trend line on the MT4 gold charts.
To draw downward xauusd trends we use resistance levels & to do it correctly two resistances are needed as illustrated and shown on the gold trading example displayed & illustrated & shown below.
Drawing Downwards Gold Trend-line on MetaTrader 4 Software
How to Draw a Downwards Gold Channel on MetaTrader 4
A downwards xauusd channel is plotted by drawing a line that is parallel to the downwards xauusd trendline and then adjusting it to touch the bottom boundary of the gold trading price movement. This then forms a downwards channel & as long as the trading price stays between these two channels the general market xauusd trend direction is intact the xauusd market xauusd trend direction will continue being bearish.
Drawing Downwards XAUUSD Channel in MT4
MT4 Platform Gold Trendline Drawing Tools for Drawing Gold Trendlines in MetaTrader 4 Gold Charts
