XAUUSD, 15-minute timeframe chart
XAUUSD retested the Support level of 2684
👉General outlook
XAUUSD has been trading in a sideways market for the last couple of hours. The pair moved up to the support level of 2684.
👉Possible scenario
The best way to use this opportunity is to place a buy order at 2684
Set your stop loss at 2676 below the previous low ($8.00 loss for 0.01 lot) and take profit at 2700 ($16.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.