How Do I Use Gold Fibonacci Retracement Areas on MT4 Software?

How Do I Use XAUUSD Trading Fibonacci Retracement Areas on MT4 Software?

Procedure on how to use Fibonacci Retracement Areas Indicator in MetaTrader 4 is described below:

Fibonacci Retracement Areas Technical Indicator on the MetaTrader 4 platform will automatically draw the xauusd price retracement zones on a gold chart once this Fib retracement levels indicator is placed on the xauusd chart.

To add this Fibonacci Retracement Levels indicator on the MetaTrader 4 platform, you can use the following MetaTrader 4 platform short cut method:

1. Click Insert 2. Click Fibonacci 3. Click Retracement

How Do You Use Fibonacci Retracement Areas on MT4

After adding Fibonacci Retracement Areas Technical Indicator on the MetaTrader 4 platform this gold technical indicator can then be accessed from "MetaTrader 4 Line Studies Tool Bar" as shown on the xauusd example illustrated & explained below.

How Do You Use XAUUSD Trading Fibonacci Retracement Areas on MT4 Software?

This Fibonacci Retracement levels gold trading tool is located on MT4 platform (Line Studies Tool Bar) - to go to this MetaTrader 4 line studies tool bar click "View" button at tops left corner of MetaTrader 4 platform next to file, then click "Toolbars" - Then Check "Line Studies".

Interpret & Use Fibonacci Retracement Areas on MetaTrader 4?