XAUUSD, 15-MINUTES TIMEFRAME CHART

XAUUSD, 15-minute timeframe chart

XAUUSD formed a bullish Engulfing pattern.

General outlook
XAUUSD has been under selling pressure within the last day.now the price display a bullish Engulfing pattern.The price ready to rise.

Possible scenario
The best way to use this opportunity is to place a buy order at 2,736.

Set your stop loss at 2,728. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($19.00 profit for 0.01 lot).

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