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 and high-risk sell zones between 2176-2178 and 2183-2186, 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 2176 and 2178, indicating a zone with increased risk for potential selling opportunities.
Bearish Targets📉:
2186: Possible retracement area.
2179: Possible retracement area.
2169: Possible retracement area.
2161: Significant Demand Zone
Ultimate Target: 2157- 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 and high-risk sell zones between 2176-2178 and 2183-2186, 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 2176 and 2178, indicating a zone with increased risk for potential selling opportunities.
Bearish Targets📉:
2186: Possible retracement area.
2179: Possible retracement area.
2169: Possible retracement area.
2161: Significant Demand Zone
Ultimate Target: 2157- 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.