100.0% XAUUSD Trading Fib Expansion Level

We use Fibonacci expansion levels to estimate where the trend movement will reach. There are 2 important Fibonacci expansion levels: 61.8% Fibonacci Expansion Level and 100.0% Fibonacci Expansion Level, these gold fibonacci expansion levels are used for setting gold trading taking profit orders.

100.0 Fibonacci Expansion Level

100.0 Fibonacci Expansion Level is not commonly used to set gold profit taking orders when gold trading using the Fibo Expansion Technical Indicator.

Most gold traders will use the 61.8% Fibonacci Expansion level.

To draw Fibonacci Expansion levels indicator on the gold chart we wait until the xauusd price retracement is complete & the price starts to move in original direction of the trend. Where the xauusd price retracement reaches is used as chart point 3. Fibonacci Expansion Gold Indicator is drawn using three chart points as shown on the Fibonacci Expansion Indicator example illustrated and explained below of how to draw the Fibonacci Expansion Levels Technical Indicator Tool.

The Fibonacci expansion indicator example illustrated and explained below shows the 3 XAUUSD Chart Points where the Fibonacci expansion indicator is drawn - marked as XAUUSD Chart point 1, XAUUSD Chart point 2 & XAUUSD Chart point 3.

XAUUSD Chart point 1 is where the gold trend started, XAUUSD Chart point 2 is where the price pulled back & retraced & XAUUSD Chart point 3 is where the gold retracement reached as displayed on the Fibonacci Expansion Levels Indicator Tool example illustrated and explained below.

The First Fibonacci Expansion Level is the 61.8% Fibonacci Expansion Level and the second is 100.0 Fibonacci Expansion Level shown on the Fibonacci Expansion Indicator Below - These Fibonacci Expansion Levels are Used by Gold Traders to Set Take Profit Gold Orders

How Do I Read 100.0% Fibonacci Expansion Level

Please note where these Fibonacci Expansion zones are drawn on the gold chart - Fibonacci Expansion zones are plotted above the Fib Expansion Indicator, these are the chart points where a trader will place the gold take profit orders using these Fibonacci Expansion Levels - 100.0% Fibonacci Expansion Level is the second Fibonacci Level.

Interpret 100.0% Fibonacci Expansion Level