ACCURACY REVIEW OF ANALYSIS DATED 05.05.2023

By Poonam MForex

Accuracy Review of Analysis dated 05.05.2023:

As projected in analysis 05.05.2023: XAUUSD Bearish Scenario: $2009/1966/1947/1926?

If the bearish momentum, Spot Gold price may fall further from MP 05.05.2023 $2048 zone towards $2009/1966 price trap zone with 1947, 1926 and 1907 as next stops, if Gold crash halts at 1966/1947 or 1926/1907 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.

Piyush Ratnu XAUUSD Analysis | Projection in Analysis February and March: SELL Entries achieved with exit zonesPiyush Ratnu XAUUSD Analysis | Projection in Analysis May: BUY Entries achieved with exit zones
Figure 1 Piyush Ratnu | Buy zones highlighted at $1966, 1947 and 1926 price zones | 02.06.2023 HIGH: $1983

Buying zones projected below $2009 (in May 2023 analysis):
1985 /1966/1947/1926/1907  

ACCURACY REVIEW SUMMARY: for may 2023 spot gold analysis by Piyush Ratnu

XAUUSD crashed post NFP from $2048 – 1998 post NFP on 05 May, 2023, and reversed back to $2045 on 10.05.2023 hence buying at 2009: gave us good results with exit at $12/15: M5 M15 236 RT zones projected as exit for BUY entries implemented at and post $2009.

In May 2023, XAUUSD struggled at price zones $1966 and $1947 marking it’s low in May at $1932 (1926 zone), buying at $1966, 1947 and 1926 zones gave us neat exits since XAUUSD market the high $1983 on 02.06.2023 before NFP data.

Piyush Ratnu Spot Gold XAUUSD Analysis Review with price movement witnessed in May 2023
Figure 2 Piyush Ratnu XAUUSD Analysis | XAUUSD Price movement witnessed in May 2023

Summary: Buying lows: gave us less drawdown and neat exits, if implemented at the price zones mentioned in my analysis dated 05.05.2023. Current market Price: $1975

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. CMP $1975.

Read NFP Day Analysis dated 05.05.2023 here:
https://www.piyushratnu.com/latest-spot-gold-xauusd-daily-price-projection-forecast-analysis/