How Many XAUUSD Chart Bottoms Draw an Upward XAUUSD Trend Line?
To draw a upwards trend line a trader needs at least two bottoms
To confirm a upwards trend line a trader needs at least three gold trading price bottoms to touch the upward trend line.
Example of Upwards XAUUSD Trend on a xauusd chart
How Many XAUUSD Chart Bottoms Draw an Upward XAUUSD Trend Line?
Since the xauusd market moves in a zigzag manner traders normally draw a xauusd trend-line which shows the general upward direction.
How Many XAUUSD Chart Bottoms Draw an Upward XAUUSD Trend Line?
An up xauusd trend occurs when the price will continue to make consecutive higher highs and higher lows. Each high is higher than the previous high- higher high , and each low is higher than the previous low- higher low.