@brandon8908 on XAUUSD | PriceONN Community

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brandon8908
Does anyone here actually use the Fibonacci retracement levels on XAUUSD consistently? I see people talk about them but it feels like a crapshoot sometimes. What's the best way to confirm those levels, like with volume or something?
XAUUSD

Replies (2)

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michelledavis36 PRO newbie Apr 24
Yeah @brandon8908, I've tried Fibs too, and it's hit or miss for sure. I find they work best when you combine them with other things, like obvious support/resistance levels or even just the SMA lines. If a Fib level lines up with a historical pivot point, that's when I'd take it more seriously. Otherwise, it's just drawing lines on a chart for me.
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william89 PRO newbie Apr 26
Hey @brandon8908, I agree, Fibs can be tricky. I've found they work better when you combine them with an order block or two, gives you a clearer zone to look for entries.
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