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

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1983 to 1980. Additionally, high-risk and medium-risk sell zones between 2014-2016 and 2027-2030, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 1983 and 1980, serving as a low-risk buy.

Medium-Risk Sell Zone🟠: Positioned between 2027 and 2030, suggesting another area with moderate risk for potential selling positions.

High-Risk Sell Zone🔴: Noted between 2014 and 2016, indicating a zone with increased risk for potential selling opportunities.


Bearish Targets📉:

2010: Possible retracement area.
2003: Possible retracement area.
2000: Significant demand zone.
1995: Area with laying low liquidity.
Ultimate Target: 1988 - An important level for potential retracement.
Ultimate Target: 1984 - Area with laying low liquidity.
Ultimate Target: 2074 - Area with laying low liquidity.

Bullish Targets📈:

1995: Possible retracement area.
2006: Possible retracement area.
2012: Significant supply zone.
2027: 2-hourly supply zone.

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.