Reversal possibilities for XAUUSD
The best way to use this opportunity is to place a Buy order at 4,808.21.
Possible scenario
Set your stop loss at 4,782.37 below the previous low ($25.83 loss for 0.01 lot) and take profit at 4,834.04 ($25.83 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Share your thoughts in the comments section if it's available for you.$XAU
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