HELLO TRADERS, KINDLY SHARE YOUR OPINION ABOUT MY ANALYSIS 👇👇
XAUUSD, 15-minute timeframe chart
XAUUSD retested the Resistance level of 2672
👉General outlook
XAUUSD has been trading in a sideways market for the last couple of hours. The pair moved down to the Support level of 2672.
👉Possible scenario
The best way to use this opportunity is to place a sell order at 2670
Set your stop loss at 2678 below the previous low ($8.00 loss for 0.01 lot) and take profit at 2656 ($14.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
ASK ANY QUESTION AND SHARE YOUR OPINION 👇👇