Where Should I Place a Stop-Loss Gold Order using Fibonacci Retracement Indicator?

Determining Where Should You Place a StopLoss XAUUSD Order using Fib Retracement Technical Indicator?

Fibonacci Retracement Zones Technical Indicator

Fib retracement levels provide areas of support & resistance, these areas can be used to set stoploss levels.

Fibonacci Retracement level 61.80% is the most oftenly used level for setting stop-losses. A stoploss order should be set just below 61.8% fib retracement level

The 61.80% retracement level is used to set these orders since its rarely hit.

Where Should I Place a StopLoss Gold Order using Fibonacci Retracement Indicator? - Fibonacci Indicator Stop Loss Gold Order Setting at 61.80% Retracement Level