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 2384.5 to 2382.5. Additionally, medium-risk buy/sell zone between 2402-2400 and 2435.5-2436.5, 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 2384.5 and 2382.5, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2402 and 2400, suggesting another area with moderate risk for potential buying positions.

Medium-Risk Sell Zone🟠: Noted between 2435.5 and 2436.5, suggesting another area with moderate risk for potential selling positions.


Bullish Targets📈:

2388: Possible retracement area.
2396: Possible retracement area.
2400: 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.