XAUUSD, 15-minute timeframe chart
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XAUUSD, 15-minute timeframe chart
XAUUSD trying to touch the resistance level of 2,650.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair try to touch the resistance level of 2,650.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,650.
Set your stop loss at 2,656. below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,635. ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAUUSD trying to touch the resistance level of 2,650.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair try to touch the resistance level of 2,650.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,650.
Set your stop loss at 2,656. below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,635. ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
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