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

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2397 to 2398.5 and 2358 to 2355. Additionally, medium-risk buy zone between 2375.5-2373.5, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2397 and 2398.5, serving as a low-risk sell.

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

Medium-Risk Buy Zone🟠: Noted between 2375.5 and 2373.5, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2362: 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.