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 2440 to 2443 and 2358 to 2355. Additionally, medium-risk sell zone between 2408-2412.5, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2440 and 2443, serving as a low-risk sell.

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

Medium-Risk Sell Zone🟠: Noted between 2408 and 2412.5, suggesting another area with moderate risk for potential selling positions.


Bullish Targets📈:

2372: Possible retracement area.
2388: Possible retracement area.
2408: Possible retracement area.
2420: Significant supply zone.
Ultimate Target: 2450- Liquidity area.


Bearish Targets📉:

2437: Possible retracement area.
2424: Possible retracement area.
2407: Area with laying low liquidity.
2402: Essential Demand Zone
Ultimate Target: 2386- 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.