61.8% Fibonacci Retracement Level
XAUUSD Trade 61.80% Fibo Retracement Levels on XAUUSD Charts?
- 61.80% Fib Retracement Level
The 61.8% XAUUSD Fib Retracement Level is only used to set stop losses. XAUUSD traders who open trades using Fibo retracement trading strategy will use the 61.8% XAUUSD Fib Retracement Level to set stop losses for their open gold trade orders.
61.8% XAUUSD Fib Retracement Level is commonly used to set stop loss levels because most of the times gold price retracement rarely gets to this 61.8% XAUUSD Fib Retracement Level.
Fibonacci Retracement Zones indicator is drawn in direction of the market trend - drawn upward in an up xauusd trend & downwards in down gold trend.
61.8% Fibonacci Retracement Level - XAUUSD Technical Analysis
61.8% Fibonacci Retracement Level - How to Analyze 61.8% Fibonacci Retracement Level
61.8% Fibonacci Retracement Level - How to Trade 61.8% XAUUSD Fib Retracement Level
61.8% Fibonacci Retracement Level - How to Trade with 61.8% XAUUSD Fib Retracement Level
How to Trade with 61.8% XAUUSD Fib Retracement Level
To trade using 61.8% Fibonacci Retracement Level traders should first of all draw the Fibonacci retracement tool on the gold chart in the direction of the market xauusd trend and then use this 61.8% XAUUSD Fib Retracement Level to place stop losses for their gold trade orders.
