CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 2368 to 2370. Additionally, medium-risk buy zone between 2327-2325.5, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2368 and 2370, serving as a low-risk sell.

Medium-Risk Buy Zone🟠: Noted between 2327 and 2325.5, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2330: Possible retracement area.
2340: Possible retracement area.
2350: Possible retracement area.
2360: Significant supply zone.
2380: Liquidity area.


Bearish Targets📉:

2364: Possible retracement area.
2352: Possible retracement area.
2338: Essential Demand Zone
2330: Area with laying low liquidity.
Ultimate Target: 2317- Laying Low Liquidity



What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.