CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

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Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing two essential supply zones : low-risk sell zone spanning from 2384.50 to 2387.00 and medium risk sell-zone spanning from 2373.00 to 2375.50. Additionally, two buy zones between 2330.50-2329.00 (low-risk) and 2335.00-2333.50 (medium-risk), respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2384.50 and 2387.00, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2330.50 and 2329.00 serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2335.00 and 2333.50, suggesting another area with moderate risk for potential buying positions.

Medium-Risk Sell Zone🟠: Noted between 2373.00 and 2375.50, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2339.00: Possible retracement area.
2350.00: Possible retracement area.
2360.00: Possible retracement area.
2373.00: Significant supply zone.
2384.50: Significant supply zone.
2387.00: Liquidity area.


Bearish Targets📉:

2360.00: Possible retracement area.
2350.00: Possible retracement area.
2339.00: Possible retracement area.
2335.00: Essential Demand Zone
2330.00: Essential Demand Zone
Ultimate Target: 2323- 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.

Disclaimer

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