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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 zone (low-risk sell zone) spanning from 2333 to 2336, respectively, are highlighted.

Things I Have Seen👀:


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



Bearish Targets📉:

2330.00: Possible retracement area.
2325.00: Possible retracement area.
2320.00: Possible retracement area.
2313.00: Essential Demand Zone
2292.00 : Essential Demand Zone
Ultimate Target: 2280.00- External Sell Side 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.

Penafian

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