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XAUUSD, 15-minute timeframe chart
XAUUSD retested the support level of 2,736.00
👉General outlook
XAUUSD has been trading in a bearish trend within the last day. The pair moved down to the support level of 2,736.00.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 2,739.00.
Set your stop loss at 2,731.60 below the previous low ($7.40 loss for 0.01 lot) and take profit at 2,746.40 ($7.40 profit for 0.01 lot).
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Disclaimer: The information provided is for educational purposes only and is not intended as financial or investment advice.
Candlestick patterns are a tool for understanding market trends, but they do not guarantee future market behaviour. For a comprehensive understanding.
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The “inside bar” strategy focuses on a two-bar pattern where the second bar stays within the high-low range of the first. This signals a potential trend continuation.
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