CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing one essential low-risk supply zone spanning from 2332 to 2336 and a low-risk demand zone ranging from 2296 to 2294. Additionally, one medium-risk buy zone between 2301-2299 and one medium-risk sell zone between 2321 to 2325, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2332 to 2336, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2296 to 2294, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2301-2299, suggesting another area with moderate risk for potential buying positions.

Medium-Risk Buy Zone🟠: Noted between 2321 to 2325, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2300: Possible retracement area.
2306: Possible retracement area.
2314: Possible retracement area.
2320: Possible retracement area.
2323: Significant supply zone.
2334: Significant supply zone.
Ultimate Target: 2338- Liquidity area.


Bearish Targets📉:

2323: Possible retracement area.
2320: Possible retracement area.
2314: Possible retracement area.
2306: Possible retracement area.
2300 : Essential Demand Zone
2295: Essential Demand Zone
Ultimate Target: 2289- 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.