CFDs on Gold (US$ / OZ)
Long
Updated

GOLD WILL FLY AGAIN (READ CAPTION)

79
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.
Trade closed: stop reached

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