CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

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Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2352 to 2354 and 2312 to 2309, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2352 and 2354 , serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2312 and 2309, serving as a low-risk buy.


Bullish Targets📈:

2315: Possible retracement area.
2320 Possible retracement area.
2340: Possible retracement area.
2352: Significant supply zone.
Ultimate Target: 2360- Laying buyside Liquidity


Bearish Targets📉:

2350: Possible retracement area.
2342: Possible retracement area.
2336: Possible retracement area.
2330: Possible retracement area.
2320: Laying Low Liquidity
Ultimate Target: 2312: Essential Demand Zone



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.

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