Gold Spot / U.S. Dollar
Long

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 1 essential demand zones: low-risk buy zones spanning from 2635.00 to 2640.50, respectively, is highlighted.

Things I Have Seen๐Ÿ‘€:


Important Demand Zone๐ŸŸข: Identified between 2635.00 and 2640.50 serving as a low-risk buy.


Bullish Targets๐Ÿ“ˆ:
2660.00: Possible retracement area.
2670.00: Possible retracement area.
2690.00: Possible retracement area.
2710.00: Possible retracement area.
2690.00: Significant supply zone.
2710.00: Significant supply zone.
2725.00: 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.

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