This is a 1-minute (M1) chart of *XAU/USD (Gold vs US Dollar)* on MetaTrader, showing a recent sharp drop followed by a bounce. Here’s a quick breakdown:
- *Sharp Drop:* Price fell drastically from around 3339 to below 3325.
- *Buy Position:* You've opened a *0.50 lot buy* at around *3327.20*.
- *Current Price:* Around *3331.08*, so your position is in *profit* now.
- *Resistance Zone:* Price is approaching a previous support level (now resistance) near *3331.25*, which may affect further upwar
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