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 2408 to 2410 and 2312 to 2309. Additionally, medium-risk buy/sell zone between 2327-2325 and 2366 -2368, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2408 and 2410, serving as a low-risk sell.

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

Medium-Risk Buy Zone🟠: Noted between 2327 and 2325, suggesting another area with moderate risk for potential buying positions.

Medium-Risk Sell Zone🟠: Noted between 2366 and 2368, suggesting another area with moderate risk for potential selling positions.


Bullish Targets📈:

2320: Possible retracement area.
2330: Possible retracement area.
2358: Possible retracement area.
2408: Significant supply zone.
Ultimate Target: 2450- Liquidity area.


Bearish Targets📉:

2394: Possible retracement area.
2380: Possible retracement area.
2370: Possible retracement area.
2327: Essential Demand Zone
Ultimate Target: 2300- 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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