Accuracy Review of Analysis dated 02.06.2023: As projected in analysis 02.06.2023: XAUUSD Bearish Scenario: : $1926/1907/1888/1866?
If the bearish momentum continues, Spot Gold price may fall further from MP 02.06.2023 $1975 zone towards $1926/1907 price trap zone with 1947, 1926 and 1907 as next stops, if Gold crash halts at $1947/1926 or $1907/1888 zones a reversal can be expected towards RT 23.6 on M5 and M15 30% RT TF M30/H1 before/in next 9 trading days.
Buying zones projected in June 2023 analysis: 1926/1907/1888/1866/1836
ACCURACY REVIEW SUMMARY: for June 2023 spot gold analysis by piyush ratnu
XAUUSD crashed post NFP DATA from $1975 till $1924 post NFP on 02 June, 2023, and reversed back to $1966 on 16.06.2023 hence buying at $1926: gave us good results with exit at $25/30 at $1966 zones projected as NAP/ Net exit for BUY entries implemented. In June 2023, XAUUSD struggled at price zones $1926 and $1907 marking it’s low in June at $1892, 29 June 20223 low (1888 zone), buying at $1926, 1907 and 1900 Psychological levels-based price zones gave us neat exits since XAUUSD attempted the high at $1935 on 05.07.2023.
Summary: Buying lows: gave us less drawdown and neat exits, if implemented at the price zones mentioned in my analysis dated 02.06.2023. I had projected A pattern in next 10 trading days from 02.06.2023 which was well achieved multiple times on 07.06.2023 as $1938-1969-1938, 07.06.2023-13.06.2023: $1938-1974-1938, 15.06.2023-20.06.2023: $1930-1966-1930, 29.06.2023-06.07.2023: $1907-1935-1907 Current market Price: $1915.
I always prefer to BUY lows at my BUY zones traced through the tools displayed in the images in case of price crash, and this strategy has given neat results so far since 2016. CMP $1915.
Read NFP Day Analysis dated 02.06.2023 here:
https://www.piyushratnu.com/latest-spot-gold-xauusd-daily-price-projection-forecast-nfp-analysis/