What are XAUUSD Trading Fib Retracement Levels?

What Does Fibonacci Retracement Levels Mean?

Fibonacci Retracement Levels indicator is a gold trading tool used by many traders to spot xauusd trading price retracements also known as xauusd trading price pullback.

Fibonacci Retracement Levels is a type of line study used in gold trading to predict and calculate these xauusd price retracement levels.

Fibonacci Retracement Levels indicator is placed directly on the gold chart within the gold trading platform provided by your xauusd trading broker, This Fibonacci Retracement Levels indicator will then automatically calculate these retracement xauusd trading price pullback levels on the xauusd chart.

What are the Fib Retracement Levels? - What's Fibo Retracement?

23.6% XAUUSD Trading Fib Retracement Areas
38.2% Gold Fibonacci Retracement Areas
50.0% Gold Fibonacci Retracement Areas
61.8% Fibo Retracement Areas

38.2% & 50.0% Fibonacci Retracement Areas are the 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 gold trading.

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

This Fibonacci Retracement Levels indicator is drawn in the direction of the trend as displayed in the two example below.