XAUUSD broke the support level of 4,420.00

General outlook

XAUUSD has been under selling pressure within the last couple of hours.

Possible scenario

The best way to use this opportunity is to place a Sell order at 4,382.00.

Set your stop loss at 4,444.00 above the previous high ($62.00 loss for 0.01 lot) and take profit at 4,320.00 ($62.00 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.#XAUUSD❤️ #GOLD $XAU

XAU
XAUUSDT
4,505.93
+0.19%