CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing 1 essential demand zones: low-risk buy zones spanning from 2635.00 to 2640.50, respectively, is highlighted.

Things I Have Seen👀:


Important Demand Zone🟢: Identified between 2635.00 and 2640.50 serving as a low-risk buy.


Bullish Targets📈:
2660.00: Possible retracement area.
2670.00: Possible retracement area.
2690.00: Possible retracement area.
2710.00: Possible retracement area.
2690.00: Significant supply zone.
2710.00: Significant supply zone.
2725.00: 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.