XAUUSD, 15-MINUTE TIMEFRAME CHART

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XAUUSD, 15-minute timeframe chart

XAUUSD tested the support level of 3027

👉General outlook
XAUUSD has been trading in a sell market for the last hours. The pair moved to the Support level of 3027.

👉Possible scenario
The best way to use this opportunity is to place a buy order at 3028

Set your stop loss at 3020 below the previous low ($8.00 loss for 0.01 lot) and take profit at 3048 ($20.00 profit for 0.01 lot).

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

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