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Fibonacci XAUUSD Exercises

These exercises will give more examples on retracement and expansion. The first exercise is to figure out the direction of the XAUUSD trend and then determine if the Fibonacci tool used is retracement or expansion and then figure how it is drawn then practice drawing them on a xauusd chart.


Tasks:



  1. Figure out the direction of the XAUUSD trend
  2. Determine if the Fibonacci is retracement or expansion
  3. Figure how it is drawn
  4. Practice drawing retracement or expansion on a xauusd chart.


To find a xauusd chart just Download MetaTrader 4 trading platform from any one of the many xauusd brokers.


After you have downloaded MetaTrader 4, Go to the menu "insert" at the top left corner, on the drop down menu, click Fibonacci and select either the option of retracement or expansion. Then draw it as explained in the previous lessons of Expansion and retracement. Then do the following exercises:


Retracements and Expansions Exercise


Exercises 1:

Fibonacci retracement on gold chart - XAUUSD Fibonacci Expansion Levels and XAUUSD Fibonacci Retracement Exercise - Fibonacci Gold Trading Indicator Exercises



Exercises 2:

Fibonacci retracement on xauusd down trend - XAUUSD Fibonacci Expansion Levels and XAUUSD Fibonacci Retracement Exercise - Fibonacci Gold Trading Indicator Exercises



Exercises 3:

Fibonacci retracement on xauusd downward trend - XAUUSD Fibonacci Expansion Levels and XAUUSD Fibonacci Retracement Exercise - Fibonacci Gold Trading Indicator Exercises



Exercises 4:

Fibonacci Retracement Trading - Gold Fibonacci Expansion Levels and Gold Fibonacci Retracement Exercise - Fibonacci Indicator Exercises - Gold Fibonacci Expansion Levels and Gold Fibonacci Retracement Levels Tutorials - Fibonacci Indicator in XAUUSD Trading Exercises



Exercises 5:

Fibonacci expansion on gold chart - XAUUSD Fibonacci Expansion Levels and XAUUSD Fibonacci Retracement Exercise - Fibonacci Gold Trading Indicator Exercises


Hint: point 1 to point 2 follows the xauusd trend direction

Hint: Retracement has points 1 and 2

Hint: Expansion has point 1, 2 and 3


 

Metals Trading Symbols

Precious Metal Symbols:
Gold - XAU USD and XAU EUR, Silver - XAG USD and XAG EUR, Platinum - XPT USD, Palladium - XPD USD

Metal Symbols:
Copper - XCU USD, Zinc - XZN USD, Lead - XPB USD, Nickel - XNI USD, Aluminium - XAL USD