How to Draw Gold Trading Fib Projection on MetaTrader 4

Draw XAUUSD Trading Fib Projections

Steps: Fibonacci Projection Levels tool indicator is not displayed by default on MetaTrader 4 settings, if Fib Projection Technical Indicator Tool isn't appearing on your MT4 platform, (no need to download this Fibo Projection indicator) then locate "MetaTrader 4 Line Studies Toolbar" shown & displayed below & follow the steps below to add the Fibo Projection Levels Tool Indicator in MetaTrader 4:

1. MT4 Line Studies ToolBar - Draw Fibonacci Projection Zones on MetaTrader 4?

How to Draw Gold Trading Fib Projection in MetaTrader 4 - How to Draw Fibonacci Projection in MT4

2. Customize Line Studies Tool Bar - How to Draw Fibonacci Projection Levels in MetaTrader 4

Rightclick the Customize button (displayed below) >>> A drop-down menu pops up, Select Customize >>>

Customize Line Studies Toolbar - How to Draw Fibonacci Projection Indicator on MetaTrader 4

3. Place This Fibonacci Projection Indicator in MetaTrader 4 - How to Draw Fibonacci Projection Indicator on MetaTrader 4 Gold Charts

Select the Fibonacci Projection Technical Indicator tool from the pop up window panel that will then appear >>> Click Insert button >>> Click Close. (Shown Below)

Place Fibonacci Projection Indicator on MetaTrader 4 - How to Draw Fibonacci Projection Indicator in MetaTrader 4 XAUUSD Charts

4. Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Indicator on MetaTrader 4

Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Indicator on MetaTrader 4

Trading XAUUSD Draw Fibonacci Projections

A trader can then select the Fibo Projection Technical Indicator Tool shown above on the MetaTrader 4 platform and then use this Fibonacci Projection tool to place this indicator on the gold chart and use this Fib Projection tool to determine the Fib Projection Zones on the xauusd charts.