XAUUSD Retracement on Upward and Downward XAUUSD Trend

What's a XAUUSD Price Retracement in XAUUSD?

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 - in this pattern the gold trading price moves upward in a xauusd trend then it retraces before resuming the xauusd trend direction - in a downward trend the gold trading price moves downward in xauusd trend direction and then retraces before resuming the xauusd trend direction.

What is a retracement? A gold trading price retracement is a pull-back of the gold trading price before the xauusd market resumes the original xauusd trend movement.

Example of Zigzag XAUUSD Price Movement: The example shown below shows gold trading price moving up in a zigzag pattern showing gold price trend and gold trading price retracement.

The example shown below shows movement in an upward market and gold trading price retracement.

What is a Retracement? - What is XAUUSD Retracement? - XAUUSD Price Retracement Explained with Example

What is Retracement Trading in XAUUSD?

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 of gold trading price is explained on the above examples - this represents a xauusd retracement in an upwards gold trend.