What's XAUUSD Retracement Explanation?
The gold trading price of a xauusd instrument does not move up or down in a straight line. Instead the gold trading price moves up or down in a zigzag pattern called a xauusd trend
Upwards trend - the gold trading price moves upward in a xauusd trend then it retraces before resuming the upward trend direction
Downwards xauusd trend - the gold trading price moves downward in xauusd trend direction & then retraces before resuming the downward xauusd trend direction.
What Does XAUUSD Retracement Mean? A gold trading price retracement is a pull-back of the gold trading price before the xauusd market resumes the original xauusd trend movement.
XAUUSD Retracement Explanation & XAUUSD Retracement Definition - Examples of a XAUUSD Retracement Pattern
What is XAUUSD Retracement Meaning? - What Does XAUUSD Retracement Mean?
Explanation of XAUUSD Retracement Pattern
1-2: XAUUSD Price Moves Up - XAUUSD Trend Direction
2-3: XAUUSD Price Retracement
3-4: XAUUSD Price Moves Up - XAUUSD Trend Direction
4-5: XAUUSD Price Retracement
5-6: XAUUSD Price Moves Up - XAUUSD Trend Direction
The retracement definition of gold trading price is explained on the above examples - this represents a xauusd retracement in an upwards gold trend.
