XAUUSD (H4) WILL DROP (READ CAPTION)

HELLO TRADERS, KINDLY SHARE YOUR OPINION ABOUT MY ANALYSIS 👇👇

XAUUSD, 4-hour timeframe chart

👉General outlook
XAUUSD has been trading in a buy for the last couple of hours. if The pair moved up to the Resistance zone 2720.

👉Possible scenario
The best way to use this opportunity is to place a sell order at 2713

Set your stop loss at 2737 below the previous low ($24.00 loss for 0.01 lot) and take profit at 2663 ($50.00 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

ASK ANY QUESTION AND SHARE YOUR OPINION IN COMMENT 👇👇