XAUUSD retested the support level of 2,888.50
👉General outlook
XAUUSD has been trading in a sideways market for the last couple of hours. The pair dropped to the support level of 2,888.50.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 2,891.30.
Set your stop loss at 2,879.80 below the previous low ($11.50 loss for 0.01 lot) and take profit at 2,902.80 ($11.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
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