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 2383.00 to 2385.00. Additionally, a buy zone between 2347.00-2345.00 (low-risk), respectively, are highlighted.

Things I Have Seen👀:

Important Supply Zone🟢: Identified between 2383.00 and 2385.00, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 2347.00 and 2345.00 serving as a low-risk buy.

Bullish Targets📈:

2350.00: Possible retracement area.
2355.00: Possible retracement area.
2360.00: Possible retracement area.
2374.00: Significant supply zone.
2380.00: Significant supply zone.
2400.00: Liquidity area.

Bearish Targets📉:

2376.00: Possible retracement area.
2370.00: Possible retracement area.
2364.00: Possible retracement area.
2338.00: Essential Demand Zone
2325.00: Essential Demand Zone
Ultimate Target: 2318- Laying Low Liquidity

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.