How Do I Use Gold Trading Fibonacci Retracement Levels in MetaTrader 5 Platform?

How Do I Use Fibonacci Retracement Levels on MT5?

The procedure on how to use Fibonacci Retracement Levels Indicator on MT5 is explained below:

Fibonacci Retracement Levels Indicator on the MT5 platform will automatically draw the xauusd price retracement levels on a gold chart once this Fibonacci retracement levels indicator is placed on the xauusd chart.

To add this Fibonacci Retracement Levels indicator on the MT5 platform, you can use the following MT5 platform short cut method:

1. Click Insert2. Click Fibonacci3. Click Retracement

How Do I Use Fibonacci Retracement Levels on MetaTrader 5 - How to Use Fibonacci Retracement Levels on MT5

After adding Fibonacci Retracement Levels Indicator on the MT5 platform this gold indicator can then be accessed from "MT5 Line Studies Tool Bar" as shown on the xauusd trading example illustrated and explained below.

How Do I Use Fibonacci Retracement Levels on MetaTrader 5 Gold Trading?

This Fibonacci Retracement levels gold trading tool is located on MT5 platform (Line Studies Tool Bar) - to go to this MT5 line studies tool bar click "View" at the top left corner of MT5 platform next to file, then click "Toolbars" - Then Check "Line Studies".

Interpret and Use Fibonacci Retracement Levels on MT5?