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XAUUSD, 15-minute timeframe chart
🫵Last chance to sell: XAUUSD retested the resistance level of 4,388.00🥳
👉General outlook
XAUUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 4,387.00.
Set your stop loss at 4,409.00 above the previous high ($22.00 loss for 0.01 lot) and take profit at 4,365.00 ($22.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
📝Fundamental factors
The U.S. Producer Price Index report will be released at 12:30 p.m. UTC today and could affect this trade.
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