CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.07100 to 1.07000. Additionally, a medium-risk buy zone between 1.07750-1.07650, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 1.07100 and 1.07000, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Positioned between 1.07750 and 1.07650, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

1.07300: Possible retracement area.
1.07600: Possible retracement area.
1.07900: Possible retracement area.
1.08300: Possible retracement area.
1.08900: Liquidity area.


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.