100.0% XAUUSD Fib Extension Level

We use Fibonacci extension levels to try to estimate where trend movement will get to. There are Two critical Fibonacci extension levels: 61.8% Fibo Extension Level and 100.0% Fibo Extension Level, these trading fibonacci extension levels are used for setting xauusd profit taking orders.

100.0 % XAUUSD Fib Extension Level

100.0 Fibo Extension Level is not commonly used to set profit booking orders when xauusd using the Fibonacci Extension Indicator.

Most traders will use the 61.8 % Fibo Extension area.

To draw Fibo Extension levels technical indicator in the chart we wait til the price retracement is complete and the price starts heading in original direction of trend. Where the price pullback gets-to is used as point 3. Fibo Extension Indicator is plotted using 3 chart points as pictured on the Fibo Extension indicator examples displayed below of how to draw the Fibo Expansion Levels Indicator.

The Fib extension indicator example illustrated below the 3 Chart Points where the Fib extension indicator is drawn - marked as Chart point 1, Chart point 2 and Chart point 3.

Point 1 is where trend started, Point 2 is where price pulled back & retraced and Chart point 3 is where the retracement reached as portrayed on the Fibo Expansion Levels Indicator example pictured below.

The First Fibonacci Extension Level is the 61.8 % Fibo Extension Level and the second is 100.0 Fibo Extension Level shown on the Fibo Extension indicator Below - These Fibo Expansion Levels are Used by Traders to Set TP Orders

How Do I Analyze 100.0% Fibo Extension Level

Please note where these Fibo Extension levels are plotted on the chart - Fib Extension zones are drawn above the Fibo Extension technical indicator, these are the chart levels where a trader will set the take-profit orders using these Fibonacci Expansion Levels - 100.0% Fibo Extension Level is the second Fib Level.

Interpret 100.00% Fibo Extension Level?