CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

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The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 2296 to 2294. Additionally, a low-risk sell zone between 2335-2337.50 respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2335 and 2337.50, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2296 and 2294, serving as a low-risk buy.


Bullish Targets📈:

2300: Possible retracement area.
2320: Possible retracement area.
2325: Possible retracement area.
2330: Possible retracement area.
2335: Significant supply zone.
Ultimate Target: 2340- Liquidity area.


Bearish Targets📉:

2330: Possible retracement area.
2325: Possible retracement area.
2320: Possible retracement area.
2300: Possible retracement area.
2396: Essential Demand Zone
Ultimate Target: 2290- 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.

Penafian

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