CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 2205 to 2208. Additionally, medium-risk sell zone and high-risk buy zone between 2183-2186 and 2160.5-2157.5, respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2205 and 2208, serving as a low-risk sell.
Medium-Risk Sell Zone🟠: Noted between 2183 and 2186, suggesting another area with moderate risk for potential selling positions.
High-Risk Buy Zone🔴: Noted between 2160.5 and 2157.5, indicating a zone with increased risk for potential buyin opportunities.
Bearish Targets📉:
2186: Possible retracement area.
2179: Possible retracement area.
2169: Possible retracement area.
2161: Significant Demand Zone
Ultimate Target: 2157- Liquidity area.
Bullish Targets📈:
2164: Possible retracement area.
2173: Possible retracement area.
2182: Possible retracement area.
2205: Significant supply zone.
2225: 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 supply zone (low-risk sell zone) spanning from 2205 to 2208. Additionally, medium-risk sell zone and high-risk buy zone between 2183-2186 and 2160.5-2157.5, respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2205 and 2208, serving as a low-risk sell.
Medium-Risk Sell Zone🟠: Noted between 2183 and 2186, suggesting another area with moderate risk for potential selling positions.
High-Risk Buy Zone🔴: Noted between 2160.5 and 2157.5, indicating a zone with increased risk for potential buyin opportunities.
Bearish Targets📉:
2186: Possible retracement area.
2179: Possible retracement area.
2169: Possible retracement area.
2161: Significant Demand Zone
Ultimate Target: 2157- Liquidity area.
Bullish Targets📈:
2164: Possible retracement area.
2173: Possible retracement area.
2182: Possible retracement area.
2205: Significant supply zone.
2225: 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.