XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved to the level of 2,640.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,630.
Set your stop loss at 2,623. below the previous low ($7.00 loss for 0.01 lot) and take profit at 2,655. ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved to the level of 2,640.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,630.
Set your stop loss at 2,623. below the previous low ($7.00 loss for 0.01 lot) and take profit at 2,655. ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
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Disclaimer
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📊 Full-Time Trader | TradingView Contributor
I share high-quality setups, breakdowns & learning resources
Join my Telegram community for signals + mentorship
t.me/+J2bvkOSGbOVmZjZk
t.me/+J2bvkOSGbOVmZjZk
I share high-quality setups, breakdowns & learning resources
Join my Telegram community for signals + mentorship
t.me/+J2bvkOSGbOVmZjZk
t.me/+J2bvkOSGbOVmZjZk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.