What is the Definition of Fibonacci Retracement?

How Do I Interpret Fibonacci Retracement?

Fibonacci Retracement is an indicator used in xauusd to calculate gold price retracement levels in an upward or a downwards gold trend. These retracement levels are then used by traders to place gold trades & open trades at a better price after gold price has retraced & resumes moving in original xauusd trend direction.

What is the Explanation Fibo Retracement Levels?

• 23.6% XAUUSD Trading Fib Retracement
• 38.2% XAUUSD Trading Fib Retracement
• 50.0% XAUUSD Trading Fib Retracement
• 61.80% Fibo Retracement

How Do I Interpret XAUUSD Trading Fib Retracement Levels?

38.2% & 50.0% Fibonacci Retracement Levels are most used and most of the time this is where the price retracement will reach. With 38.2% Fibonacci Retracement Level being the most popular & most widely used retracement level in xauusd.

61.8% Fibonacci Retracement Level is also commonly used to set stop losses for trades opened using this xauusd retracement strategy.

Fibo Retracement Levels indicator is plotted in direction of the trend as shown in 2 examples below.

What is the Explanation of Fibonacci Retracement?

What is the Explanation of Fibonacci Retracement?

What is the Definition Fibonacci Retracement Levels? - Fibonacci Retracement Tool Described

What is the Definition Fibonacci Retracement Levels? - Fibonacci Retracement Tool Described