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

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 2192 to 2194. Additionally, medium-risk buy zone between 2170.5-2168.5 and a high-risk sell zone between 2186.5-2189, respectively, are highlighted.


Things I Have Seen👀:

Important Supply Zone🟠: Identified between 2192 and 2194, serving as a medium-risk sell.

Important Demand Zone🟠: Identified between 2170.5 and 2168.5, serving as a medium-risk buy.

High-Risk Sell Zone🔴: Noted between 2186.5 and 2189, indicating a zone with increased risk for potential selling opportunities.



Bearish Targets📉:

2185: Possible retracement area.
2180: Possible retracement area.
2170: Possible retracement area.
2164: Liquidity area.

Bullish Targets📈:

2175: Possible retracement area.
2182: Possible retracement area.
2190: Possible retracement area.
2196: 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.