XAUUSD, 15-minute timeframe chart

XAUUSD, 15-minute timeframe chart

XAUUSD tested the resistance level of 2664

👉General outlook
XAUUSD has been trading in a sideways market for the last couple of hours. The pair moved down to the resistance level of 2664.

👉Possible scenario
The best way to use this opportunity is to place a sell order at 2660

Set your stop loss at 2667 below the previous low ($7.00 loss for 0.01 lot) and take profit at 2640 ($20.00 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.