CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk buy zone) spanning from 2018 to 2016. Additionally, high-risk and low-risk sell zones between 2031.7-2032.5 and 2037-2039, respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2037 and 2039, serving as a low-risk sell.
Medium-Risk Buy Zone🟠: Positioned between 2018 and 2016, suggesting another area with moderate risk for potential buying positions.
High-Risk Sell Zone🔴: Noted between 2031.7 and 2032.5, indicating a zone with increased risk for potential selling opportunities.
Bearish Targets📉:
2029: Possible retracement area.
2025: Possible retracement area.
2023: Significant demand zone.
2014: Area with laying low liquidity.
Ultimate Target: 2000- An important level for potential retracement.
Ultimate Target: 1987 - 4-hourly demand zone.
Bullish Targets📈:
2021: Possible retracement area.
2028: Possible retracement area.
2030: Possible retracement area.
2032: Liquidity area
2037: 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.
The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk buy zone) spanning from 2018 to 2016. Additionally, high-risk and low-risk sell zones between 2031.7-2032.5 and 2037-2039, respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2037 and 2039, serving as a low-risk sell.
Medium-Risk Buy Zone🟠: Positioned between 2018 and 2016, suggesting another area with moderate risk for potential buying positions.
High-Risk Sell Zone🔴: Noted between 2031.7 and 2032.5, indicating a zone with increased risk for potential selling opportunities.
Bearish Targets📉:
2029: Possible retracement area.
2025: Possible retracement area.
2023: Significant demand zone.
2014: Area with laying low liquidity.
Ultimate Target: 2000- An important level for potential retracement.
Ultimate Target: 1987 - 4-hourly demand zone.
Bullish Targets📈:
2021: Possible retracement area.
2028: Possible retracement area.
2030: Possible retracement area.
2032: Liquidity area
2037: 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.
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Telegram Analysis Group👀: t.me/+dADZcFwXH2gzNDQ0
Telegram Signal Group🎯: t.me/+vDw-7IDpPI5kNjQ8
Telegram Analysis Group👀: t.me/+dADZcFwXH2gzNDQ0
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.
Join our Telegram Group for A+ Signals send out daily and for more outlooks like these:
Telegram Signal Group🎯: t.me/+vDw-7IDpPI5kNjQ8
Telegram Analysis Group👀: t.me/+dADZcFwXH2gzNDQ0
Telegram Signal Group🎯: t.me/+vDw-7IDpPI5kNjQ8
Telegram Analysis Group👀: t.me/+dADZcFwXH2gzNDQ0
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.