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

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand and supply zone (low-risk buy/sell zone) spanning from 2019 to 2017 and 2052-2055. Additionally, a sell zone between 2039-2041, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 2019 and 2017, serving as a low-risk buy.

Important Supply Zone🟢: Identified between 2052 and 2055, serving as a low-risk sell.

Medium-Risk Sell Zone🟠: Positioned between 2039 and 2041, suggesting another area with moderate risk for potential selling positions.


Bearish Targets📉:

2042: Possible retracement area.
2033: Possible retracement area.
2030: Possible retracement area.
2024: Possible retracement area.
2019: Significant Demand Zoneeeee
Ultimate Target: 2015- Liquidity area.
Ultimate Target: 2013 - Liquidity area.
Ultimate Target: 2000- 4-hourly demand zone.

Bullish Targets📈:

2021: Possible retracement area.
2026: Possible retracement area.
2028: Possible retracement area.
2032: Possible retracement area.
2037: Significant supply zone.
2041: 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.