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CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

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Brief Description๐Ÿ–Š๏ธ:

The chart provides insights into critical market levels, emphasizing a essential supply zone: low-risk sell zone spanning from 2661.00 to 2664.00, respectively, are highlighted.

Things I Have Seen๐Ÿ‘€:


Important Supply Zone๐ŸŸข: Identified between 2661.00 and 2664.00 serving as a low-risk sell.


Bearish Targets๐Ÿ“‰:
2659.00: Possible retracement area.
2655.00: Possible retracement area.
2649.00: Possible retracement area.
2640.00: Possible retracement area.
2613.00: Liquidity area.



What's Important Nowโ—
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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