What are XAUUSD Trading Fib Retracement Levels?

What Does Fibo Retracement Levels Mean?

Fibo Retracement Levels indicator is a tool used by many traders to spot price retracements also known as trading price pullback.

Fibo Retracement Levels is a type of line study used in gold trading to predict and calculate these price retracement levels.

Fibo Retracement Levels indicator is placed directly on the chart within the platform provided by your broker, This Fibo Retracement Levels indicator will then automatically calculate these retracement price pullback levels on the chart.

What are the Fib Retracement Levels? - What's Fibo Retracement?

23.6 percent XAUUSD Trading Fib Retracement Areas
38.2% Gold Fibonacci Retracement Areas
50.0% Gold Fibonacci Retracement Areas
61.8% Fibo Retracement Areas

38.2% & 50.0% Fibo Retracement Areas are the most used and most of the time this is where the price retracement will reach. With 38.2% Fibo Retracement Level being the most popular & most widely used retracement level in gold trading.

61.8% Fibo Retracement Level is also commonly used to set stop losses for trades opened using this trading retracement strategy.

This Fibo Retracement Levels indicator is drawn in the direction of the trend as displayed in the two example below.