Definition of Buy Trade in XAUUSD

In xauusd as trader you will be buying one xauusd for another. You will use charts to determine when to buy a instrument - you will open a buy trade if the prices on the charts are moving in an upward trend direction.

Buying a XAUUSD

If the price on a chart is moving up we buy the instrument, this is referred to as buying a xauusd. Therefore, When the market trend is going upwards it is referred to as a bullish trend, this is when a buy trading order is set. A bullish trend is identified by drawing an upward trend line on a chart. The example shown below shows a buy gold trade.

What Does it Mean to Buy a XAUUSD? - Definition of Buy Trade in XAUUSD