BLUE43

XAUUSD GOLD IF BREAK 0.382 GO TO 0.5-0.618 WAIT NEXT WEEK /

FX:XAUUSD   Gold Spot / U.S. Dollar
235 3 48
daily
Comment: WAITING
More likely to reverse then down to the zone, good work,
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What does the .382, .5, .610 numbers represent? I'm still trying to learn charts
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CFDTradingo SeltyKnight
Fibonacci retracement levels are depicted by taking high and low points on a chart and marking the key Fibonacci ratios of 23.6%, 38.2%, 61.8% horizontally to produce a grid. These horizontal lines are used to identify possible price reversal points.
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