100.0% XAUUSD Trading Fibonacci Expansion Level

We use Fib expansion levels to try to project where trend move will reach. There are two important Fibonacci expansion levels: 61.8% Fib Expansion Level and 100.0% Fib Extension Level, these fibonacci expansion levels are used for setting gold taking profit orders.

100.0 Fib Expansion Level

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

Most traders will use the 61.8 % Fibo Expansion area.

To draw Fib Expansion levels indicator on the chart we wait til the price retracement is complete & price starts to move in original direction of the trend. Where the price retracement reaches is used as chart point 3. Fib Expansion Technical Indicator is drawn using three chart points as cited on the Fibo Extension Technical Indicator example shown and described below of how to draw the Fibo Extension Levels Technical IndicatorTool.

The Fib expansion indicator example shown & described below portrays the 3 Chart Points where the Fibo expansion indicator is drawn - marked as Chart point 1, Chart point 2 and Chart point 3.

Point 1 is where the market trend started, Point 2 is where the price pulled back and retraced & Chart point 3 is where the retracement reached as highlighted on the Fibo Extension Levels Trading Indicator Tool example shown and described below.

The First Fib Expansion Level is the 61.8 % Fib Expansion Level and the second is 100.0 Fib Expansion Level cited on the Fibo Extension Technical Indicator Below - These Fibo Extension Levels are Used by Traders to Set Take Profit Orders

How Do You Read 100.0% Fib Expansion Level? - How Do I Analyze 100.0% Fib Expansion Level?

How Do I Read 100.0% Fib Expansion Level

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

Interpret 100.0% Fib Expansion Level

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100.0% XAUUSD Trading Fibonacci Expansion Level

100.0 Fib Expansion Level