XAUUSD, 15-MINUTES TIMEFRAME CHART

XAUUSD, 15-minute timeframe chart

XAUUSD touched the support level of 2,734.00

General outlook
XAUUSD has been under selling pressure within the last couble of hour . The pair moved up to the support level of 2,734.00.

Possible scenario
The best way to use this opportunity is to place a buy order at 2,735.

Set your stop loss at 2,727. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($20.00 profit for 0.01 lot).

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