CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential supply zone: low-risk sell zone spanning from 2364.00 to 2366.00. Additionally, two buy zones between 2321.00-2320.00 (medium-risk) and 2298.5.00-2397.00 (low-risk), respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2364.00 and 2366.00, serving as a low-risk sell.
Important Demand Zone🟢: Identified between 2298.5.00 and 2397.00 serving as a low-risk buy.
Medium-Risk Buy Zone🟠: Noted between 2321.00 and 2320.00, suggesting another area with moderate risk for potential buying positions.
Bullish Targets📈:
2302.00: Possible retracement area.
2305.00: Possible retracement area.
2307.00: Possible retracement area.
2317.00: Significant supply zone.
2364.00: 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.
The chart provides insights into critical market levels, emphasizing an essential supply zone: low-risk sell zone spanning from 2364.00 to 2366.00. Additionally, two buy zones between 2321.00-2320.00 (medium-risk) and 2298.5.00-2397.00 (low-risk), respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2364.00 and 2366.00, serving as a low-risk sell.
Important Demand Zone🟢: Identified between 2298.5.00 and 2397.00 serving as a low-risk buy.
Medium-Risk Buy Zone🟠: Noted between 2321.00 and 2320.00, suggesting another area with moderate risk for potential buying positions.
Bullish Targets📈:
2302.00: Possible retracement area.
2305.00: Possible retracement area.
2307.00: Possible retracement area.
2317.00: Significant supply zone.
2364.00: 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.
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Telegram Analysis Group👀: t.me/+dADZcFwXH2gzNDQ0
Join our Telegram Group for A+ Signals send out daily and for more outlooks like these:
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Telegram Signal Group🎯: t.me/+vDw-7IDpPI5kNjQ8
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