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XAUUSD, 15-minute timeframe chart
😱Oh no! XAUUSD tested the resistance level of 4,357.00📢
👉General outlook
XAUUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 4,356.00.
Set your stop loss at 4,383.00 above the previous high ($27.00 loss for 0.01 lot) and take profit at 4,329.00 ($27.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
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