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 2357 to 2359 and 2331.5 to 2329.5, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2357 and 2359, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2331.5 and 2329.5, serving as a low-risk buy.


Bullish Targets📈:

2335: Possible retracement area.
2347: Possible retracement area.
2356: Possible retracement area.
2364: Significant supply zone.
Ultimate Target: 2400- Significant supply zone.


Bearish Targets📉:

2356: Possible retracement area.
2347: Possible retracement area.
2340: Possible retracement area.
2333- Laying Low Liquidity
Ultimate Target: 2331: 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.

Disclaimer

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