Where Should I Place a StopLoss XAUUSD Order using XAUUSD Trend Lines?

Determining Where Should You Place a Stop-Loss Gold Order using XAUUSD Trend Lines?

XAUUSD Trend Lines

A xauusd trendline can be used to set stop losses where the stop-loss order is set just below the trend line.

As long as the trend line holds a trader will be able to continue making profits while and at the same time set this stoploss order which will lock his profit once the trendline is broken.

Example of where to set stop loss orders using xauusd trend lines.

Where Should I Place a Stop-Loss XAUUSD Order using XAUUSD Trend Lines? - Setting Stop Loss XAUUSD Order below the XAUUSD Trend Line