CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

136
Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2333 to 2336 and 2296.5-2294.5. Additionally, a medium-risk sell zone between 2321.5-2324.5, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2333 to 2336, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2296.5-2294.5, serving as a low-risk buy.

Medium-Risk Sell Zone🟠: Noted between 2321.5-2324.5, suggesting another area with moderate risk for potential selling positions.


Bullish Targets📈:

2300: Possible retracement area.
2308: Possible retracement area.
2320: Possible retracement area.
2322: Significant supply zone.
Ultimate Target: 2335- Unmitigated Significant supply zone.


Bearish Targets📉:

2328: Possible retracement area.
2325: Possible retracement area.
2319: Possible retracement area.
2312: Essential Demand Zone
2304 : Essential Demand Zone
2298 : Essential Demand Zone
Ultimate Target: 2288- 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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.