CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone: low-risk buy zone spanning from 2300.00 to 2398.00. Additionally, a buy zone between 2309.00-2307.00 (medium-risk), respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 2300.00 and 2398.00 serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 2309.00 and 2307.00, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

2302.00: Possible retracement area.
2305.00: Possible retracement area.
2307.00: Possible retracement area.
2317.00: Significant supply zone.
2364.00: Significant supply zone.
2387.00: 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.