CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing two essential supply zones : low-risk sell zone spanning from 2364.35 to 2363.45 and 2332.8 to 2334.5 (medium risk). Additionally, one low-risk buy zone between 2298.5-2297, respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2364.35 and 2363.45, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2298.5 and 2297, serving as a low-risk buy.

Medium-Risk Sell Zone🟠: Noted between 2332.8 and 2334.5, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2310: Possible retracement area.
2327: Possible retracement area.
2350: Possible retracement area.
2334: Significant supply zone.
2364: Significant supply zone.
2466: Ultimate liquidity


Bearish Targets📉:

2350: Possible retracement area.
2327: Possible retracement area.
2310: Possible retracement area.
2298: Essential Demand Zone
Ultimate Target: 2295- 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.