XAUUSD Pullback on Upward XAUUSD Trend & Downwards XAUUSD Trend

The gold price of a xauusd instrument doesn't move up or down in a straight line. Instead the gold price moves up or down in a zigzag pattern called a xauusd trend - in this pullback pattern the gold price moves upward in a xauusd trend then it retraces before resuming the xauusd trend direction - in a downward trend the gold price moves downward in xauusd trend direction and then retraces before resuming the xauusd trend direction.

What's pullback? A gold price pullback is a pullback of the gold price before the xauusd market resumes the original xauusd trend movement.

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

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

What is Pullback? - What is a XAUUSD Pullback? - XAUUSD Price Pullback Described with Examples

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