Traders can use various tools and patterns to set their entry and exit points. For gold, Vernier favors using the Fibonacci retracement tool, which marks percentage points based on the Fibonacci ...

Fibonacci retracement levels are a strategy that some traders use to analyze a stock’s resistance levels. You can use many different retracement levels but one of the most common is 61.8%.

Today, he mainly trades crude oil, gold, and currencies using a technical-analysis tool called Fibonacci retracement. He's also a teacher and coach helping others learn how to chart at HowToTrade.com.