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

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 2358 to 2355. Additionally, medium-risk sell zone between 2392-2394, respectively, are highlighted.

Things I Have Seen👀:


Important Demand Zone🟢: Identified between 2358 and 2355, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2392 and 2394, suggesting another area with moderate risk for potential selling positions.


Bullish Targets📈:

2365: Possible retracement area.
2370: Possible retracement area.
2373: Possible retracement area.
2390: Significant supply zone.
2400: Liquidity area.


Bearish Targets📉:

2390: Possible retracement area.
2380: Possible retracement area.
2373: Area with laying low liquidity.
2358: Essential Demand Zone
Ultimate Target: 2332- 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.

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