CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk buy zone) spanning from 2018 to 2016. Additionally, a high-risk buy zone and a high-risk sell zone between 2022.5-2021 and 2030-2031, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 2018 and 2016, serving as a medium-risk buy.

High-Risk Buy Zone🔴: Positioned between 2022.5 and 2021, suggesting another area with moderate risk for potential buying positions.

High-Risk Sell Zone🔴: Noted between 2030 and 2031, indicating a zone with increased risk for potential selling opportunities.


Bearish Targets📉:

2029: Possible retracement area.
2025: Possible retracement area.
2023: Significant demand zone.
2014: Area with laying low liquidity.
Ultimate Target: 2000- An important level for potential retracement.
Ultimate Target: 1987 - 4-hourly demand zone.

Bullish Targets📈:

2021: Possible retracement area.
2028: Possible retracement area.
2030: Possible retracement area.
2032: Liquidity area
2037: 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.