XAUUSD, 30-minute timeframe chart

10月16日

XAUUSD, 30-minute timeframe chart

XAUUSD break the resistance level of 2,667.00

General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,667.00.

Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,666.30.

Set your stop loss at 2,660.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,682.30 ($17.00 profit for 0.01 lot).

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