XAUUSD retested the resistance level of 2,942.00
👉General outlook
XAUUSD has been under buying pressure within the last day. The pair rose to the resistance level of 2,942.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 2,939.50.
Set your stop loss at 2,951.80 above the previous high ($12.30 loss for 0.01 lot) and take profit at 2,927.20 ($12.30 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Trade Now;
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