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

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 2128 to 2125. Additionally, a medium-risk buy zone from 2144-2141 and high-risk buy/sell zones between 2147.5-2145.5 and 2161-2163, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 2128 and 2125, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2144 and 2141, suggesting another area with moderate risk for potential buying positions.

High-Risk Buy Zone🔴: Noted between 2147.5 and 2145.5, indicating a zone with increased risk for potential buying opportunities.

High-Risk Sell Zone🔴: Noted between 2161 and 2163, indicating a zone with increased risk for potential buying opportunities.

Bearish Targets📉:

2158: Possible retracement area.
2155: Possible retracement area.
2148: Possible retracement area.
2144: Possible retracement area.
2132: Area with laying low Liquidity.
2128: Significant Demand Zone

Bullish Targets📈:

2131: Possible retracement area.
2136: Possible retracement area.
2140: Possible retracement area.
2145: Possible retracement area.
2152: Liquidity area.
2157: Possible retracement area.
2160: Possible retracement area.

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.