Accuracy Review of Analysis dated 07.07.2023:
As projected in analysis 07.07.2023: XAUUSD Bullish Scenario: from Market Price $1914 on 07.07.2023 Spot Gold price may rise further towards $1966/1985 as next stops, however if Gold crash halts at $1966/1985 zones a reversal can be seen on M5 RT 23.6 and M15 30% RT TF M30/H1 in 6 trading days. Projected reversal from SZ 1993 (1985 zone): $1937 (today’s CMP low: $1930)
ACCURACY REVIEW SUMMARY: for JULY 2023 spot gold analysis by Piyush Ratnu
XAUUSD price surged from $1914 to $1926, 1947, 1966 and 1985 zones in July 2023. The sell limits projected in my analysis dated 07.07.2023 $1966/1985: proved accurate once again. As projected in my Spot Gold analysis dated 07.07.2023: R2 ZONE 1931| UP TREND (Above $1950) : 1966/1985/2020/2069| SELL LIMITS | July High $1987 (20th July, 2023)
Summary: Selling Highs: gave us less drawdown and neat exits, if sell limits were implemented at the price zones mentioned in my analysis dated 07.07.2023. I had projected V pattern in next 10 trading days from 07.07.2023 CMP $1914 (crashing from $1930) which was well achieved on the same day in 2 hours on NFP data as $1930 – 1915 – 1930. Also, buyers who bought at $1950 and closed trades at 1966/1985 achieved more than 1600/2500 pips, parallelly sellers who sold at $1950 and above $1966 and 1985 achieved neat exits at $1935 CMP. Current market Price: $1935.
I always prefer to SELL Highs at my SELL 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 $1935.
Read NFP Day Analysis dated 07.07.2023 here