XAUUSD, 15-MINUTE TIMEFRAME CHART

XAUUSD, 15-minute timeframe chart


General outlook
XAUUSD has been under buying pressure within the last couple of hour. The pair moved to the level of 2,638.00.

Possible scenario
The best way to use this opportunity is to place a sell order at 2,638.

Set your stop loss at 2,643. below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,623. ($15.00 profit for 0.01 lot).

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