Where Should I Set a StopLoss Gold Order using Fib Retracement Indicator?

Determining Where Should You Set a StopLoss Order using Fibonacci Retracement Technical Indicator?

Fibo Retracement Zones Indicator

Fibonacci retracement levels provide areas of support & resistance, these areas can be used to set stop loss levels.

Fib 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 Set a StopLoss Gold Order using Fib Retracement Indicator? - Fibonacci Indicator Stop Loss Gold Order Setting at 61.80% Retracement Level