XAUUSD tested the resistance level of 4,676.00

General outlook

XAUUSD has been trading in a sideways market within the last day.

Possible scenario

The best way to use this opportunity is to place a Sell order at 4,649.00.

Set your stop loss at 4,708.00 above the previous high ($59.00 loss for 0.01 lot) and take profit at 4,590.00 ($59.00 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.

Share your thoughts in the comments section if it's available for you.#xauusdsignals #signal $XAU

XAU
XAUUSDT
4,758.84
+0.14%