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

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand/supply zone (low-risk buy/sell zone) spanning from 2129 to 2125 and 2174-2176.5. Additionally, medium-risk buy zone between 2141.5-2139.5, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 2129 and 2125, serving as a low-risk buy.

Important Supply Zone🟢: Identified between 2174 and 2176.5, serving as a low-risk sell.

Medium-Risk Buy Zone🟠: Noted between 2141.5 and 2139.5, suggesting another area with moderate risk for potential buying positions.



Bearish Targets📉:

2166: Possible retracement area.
2156: Possible retracement area.
2142: Possible retracement area.
2129: Significant Demand Zone
Ultimate Target: 2120- Liquidity area.


Bullish Targets📈:

2132: Possible retracement area.
2139: Possible retracement area.
2151: Possible retracement area.
2160: Possible retracement area.
2170: Significant supply zone.
2195: 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.