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 2364 to 2366.5. Additionally, two medium-risk buy zones between 2338.50-2336.50 and 2327.5 -2326.5, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2364 to 2366.5, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2327.5 -2326.5, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2338.50-2336.50, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2332.50: Possible retracement area.
2347.00: Possible retracement area.
2351.00: Possible retracement area.
2364: Significant supply zone.
Ultimate Target: 2370- Liquidity area.


Bearish Targets📉:

2355.00: Possible retracement area.
2351.00: Possible retracement area.
2347.00: Possible retracement area.
2338.50: Essential Demand Zone
2327.5 : Essential Demand Zone
Ultimate Target: 2315- 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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