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 2037 to 2039. Additionally, high-risk and medium-risk sell zones between 2028-2030 and 2032-2035 and a medium-risk buy zone between 2018-2016, respectively, are highlighted.

Things I Have Seen👀:

Important Supply Zone🟢: Identified between 2037 and 2039, serving as a low-risk sell.

Medium-Risk Sell Zone🟠: Positioned between 2032 and 2035, suggesting another area with moderate risk for potential selling positions.

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 2028 and 2030, indicating a zone with increased risk for potential selling opportunities.


Bearish Targets📉:

2035: Possible retracement area.
2032: Possible retracement area.
2030: Possible retracement area.
2024: Significant demand zone.
Ultimate Target: 2020- Liquidity area.
Ultimate Target: 2018 - 4-hourly demand zone.
Ultimate Target: 2013- Liquidity area.

Bullish Targets📈:

2020: Possible retracement area.
2024: Possible retracement area.
2028: Possible retracement area.
2032: Possible retracement area.
2037: Significant supply zone.
2040: 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.