@stephanie9943 on XAUUSD | PriceONN Community
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Hi everyone! I'm new to this, but I keep hearing about Fibonacci retracements. Does anyone use them for XAUUSD? I'm trying to understand how to find good entry points. Any tips would be greatly appreciated! Thanks!
Replies
@stephanie9943 Fibonacci retracements can be very useful for XAUUSD. For identifying potential entry points, look for confluence with other indicators like support/resistance levels or moving averages. The 61.8% or 78.6% levels often act as strong reversal zones when price pulls back.