What's XAUUSD Retrace Meaning?

The price on a chart does not move upward or downwards in a straight line. Instead the price on a chart moves up or down in a zigzag pattern called a trend.

Upward trendprice retrace - the price moves upward in a trend then it pulls back before it resumes the up-ward trend direction

Downward trendprice retrace - the price moves downward in trend direction and then retraces before resuming the downward trend direction.

What Does XAUUSD Retrace Mean? A trading price retrace is a pull-back of price before the market resumes original trend movement.

XAUUSD Retrace Meaning & Retrace Definition - Example of a XAUUSD Retrace Pattern

What is XAUUSD Retrace Meaning? - What Does XAUUSD Retrace Mean? - XAUUSD Retrace Meaning & Retrace Definition

Explanation of XAUUSD Retrace Pattern

1-2: Price Moves Up - Trend Direction

2-3: Price Retrace

3-4: Price Moves Up - Trend Direction

4-5: Price Retrace

5-6: Price Moves Up - Trend Direction

The retrace definition of price is illustrated on the example - this represents a xauusd retrace move in an upward trend.