What's XAUUSD Pullback Meaning?

The gold price of a xauusd instrument does not move upward or downward in a straight line. Instead the gold price moves up or down in a zigzag pattern called a xauusd trend

Upward xauusd trend - the gold price moves upward in a xauusd trend then it retraces before resuming the upwards trend direction

Downward xauusd trend - the gold price moves downward in xauusd trend direction and then retraces before resuming the downwards xauusd trend direction.

What Does XAUUSD Pullback Mean? A gold price pullback is a retracement of the gold price before the xauusd market resumes the original xauusd trend movement.

XAUUSD Pullback Meaning and XAUUSD Pullback Definition - Example of a XAUUSD Pullback Pattern

What's XAUUSD Pullback Meaning? - What Does XAUUSD Pullback Mean?

Explanation of XAUUSD Pullback Pattern

1-2: XAUUSD Price Moves Up - XAUUSD Trend Direction

2-3: XAUUSD Price Pullback

3-4: XAUUSD Price Moves Up - XAUUSD Trend Direction

4-5: XAUUSD Price Pullback

5-6: XAUUSD Price Moves Up - XAUUSD Trend Direction

The pullback definition of gold price is explained on the xauusd example above - this xauusd pullback represents a gold price pullback in an upward gold trend.