CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

106
Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone: low-risk sell zone spanning from 2380.00 to 2383.00. Additionally, a buy zone between 2325.00-2323.00 (low-risk), respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 2380.00 and 2383.00, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2325.00 and 2323.00 serving as a low-risk buy.



Bullish Targets📈:

2327.00: Possible retracement area.
2335.00: Possible retracement area.
2340.00: Possible retracement area.
2360.00: Significant supply zone.
2380.00: Significant supply zone.
2400.00: Liquidity area.


Bearish Targets📉:

2376.00: Possible retracement area.
2370.00: Possible retracement area.
2364.00: Possible retracement area.
2338.00: Essential Demand Zone
2325.00: Essential Demand Zone
Ultimate Target: 2318- 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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.