How Do You Draw Upward XAUUSD Trend Line on MT4?

How to Draw Upward XAUUSD Trend Lines on MetaTrader 4

MT4 Platform Gold Trendline Drawing Tools for Drawing Gold Trendlines on MetaTrader 4 Gold Charts

The MT4 xauusd trend line plotting tools used to plot these trend line setups on the MT4 are located on the MetaTrader 4 drawing charts toolbar within the MT4 platform, To get this MT4 charts toolbar if it is not activated on your platform, Click in "View" Next to "File" menu at the tops left corner of MetaTrader 4 platform & click "View", Then Click on "Tool Bars" button key, Then Check the "Lines Tool-bar" by clicking on it.

Below is the example of the MT4 xauusd trend-line drawing charts tool-bar. To draw an upward xauusd trend-line on a xauusd chart click on this xauusd trend-line plotting tool and choose the point where you want to plot the upwards trend line.

How to Draw Upward XAUUSD Trend Lines on MT4

Drawing a XAUUSD Trend Line on MetaTrader 4

When market moves up it forms higher highs & higher lows forming a bullish market movement. An upward xauusd trend line can then be drawn by connecting these higher lows.

To draw this upwards trend setup we use supports. To draw it correctly two support levels are needed as illustrated and shown on the gold trading example shown below.

Drawing a XAUUSD Trend-Line - XAUUSD Up Ward XAUUSD Trend-Line in MetaTrader 4

XAUUSD Up Ward Channel

A xauusd channel is plotted by drawing a line that's parallel to the upwards trendline and then adjusted to touch the top boundary of the gold price movement. This then forms an upwards channel & as long as a price stays between these two trend channels the bullish upward market movement will continue heading upwards.

Drawing a XAUUSD Channel - XAUUSD Up Ward Channel on MetaTrader 4

How to Draw Upward XAUUSD Trend-Lines in MT4 - XAUUSD Trend-Lines & Channels