XAUUSD, 15-MINUTES TIMEFRAME CHART
XAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,594.00
General outlook
XAUUSD has been under buying pressure within the last couple of hour . The pair moved up the resistance level of 2,594.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,590.
Set your stop loss at 2,598. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,560. ($30.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAUUSD touched the resistance level of 2,594.00
General outlook
XAUUSD has been under buying pressure within the last couple of hour . The pair moved up the resistance level of 2,594.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,590.
Set your stop loss at 2,598. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,560. ($30.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
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