XAUUSD - Buying from here again for RRR of 12:1

Hello everyone,

I hope you had a wonderful weekend and are ready for a new week of trading. I would like to share my trade for XAUUSD

As you can see from the chart, we have been ranging a while and during news release it broke below to grab liquidity. Expecting retracement from here, risking 1% of the 4.5% we gained on last trade.

I am interested to hear your thoughts and opinions on this matter. Good luck to everyone and have a productive trading week ahead.

Best regards,
Enzo