ACCURACY REVIEW OF ANALYSIS DATED 03.02.2023 AND 10.03.2023

By Poonam MForex

Accuracy Review of Analysis dated 03.02.2023 and 10.03.2023:

As projected in analysis dated 03.02.2023:

XAUUSD Bullish Scenario: $1966/1996/2023?
If the Bullish momentum pushes Gold price across $1955 barrier, $1966 followed by $1996 zone can be the next target for Gold, opening way to $2023 zone as an ideal sell entry.

XAUUSD Bearish Scenario: $1888/1866/1836?
If the bearish momentum extends, gold price may fall further towards $1836/1818 zone (after 1872) with 1866/1836/1818 as next buying stops.

Piyush Ratnu XAUUSD Analysis | Projection in Analysis February and March: SELL Entries achieved with exit zones
Figure 1: Piyush Ratnu XAUUSD Analysis | Projection in Analysis February and March: SELL Entries achieved with exit zones

Resistance zones projected above $1888 (in February 2023 analysis):
1966/1996/2023  

LIMITS PROJECTED: in February 2023 analysis

S1/S2 ZONE 1888 | DOWN TREND (Below 1872) : 1866/1836/1818 | BUY LIMITS achieved

R1/R2 ZONE 1966| UP TREND (Above 1955)  :  1966/1996/2023 | SELL LIMITS achieved

SELL LIMITS PROJECTED: in March 2023 analysis

R1/R2 ZONE 1966| UP TREND (Above 1872): 1888/1907/1926/1947 | SELL LIMITS

Selling at Resistance zones gave us neat exits, since XAUUSD reversed back multiple times at and from the resistance zones mentioned in February and March analysis: 1966/1996/2023.

Piyush Ratnu XAUUSD Analysis | XAUUSD Price movement witnessed in April 2023
Figure 2: Piyush Ratnu XAUUSD Analysis |XAUUSD Price movement witnessed in April 2023

ANALYSIS ACCURACY REVIEW SUMMARY: for february and march 2023 analysis

In February and March 2023: XAUUSD Spot GOLD crashed from $1966 zone (projected as SELLING ZONE) (1960 – 01.02.2023 high) to $1866 zone on 03.02.2023 post NFP data, retraced back to $1888 zone, followed by a crash till $1806 RT $1855, repeated crash till $1809 ($1818 zone) (post Powell statements on 08.03.2023) RT 1836 zone on 09.03.2023.

In April 2023: XAUUSD struggled under the price trap of $2009-1966 zone, followed by a breakout to $2048, 2069 and $2080 (04 May, 2023 high). XAUUSD achieved the $2048 high on 13 April 2023 and crashed back to $1966 zone on 19 April,2023 proving the SELL HIGHS a perfect strategy once again. I had suggested selling at and above 1947 zone (low achieved on 21.02.2023, 27.03.2023 and 03.04.2023), 1966 (low achieved on 19.04.2023) 1996 and 2023 price zones (2048-2009 crash: 13-19.04.2023) since February 2023. I always prefer to SELL highs and BUY lows, and the strategy has given neat results so far. CMP $2050.00

Piyush Ratnu Spot Gold XAUUSD Analysis Forex Education Price Forecast 05052023 Most Accurate Forex Trader in Dubai | Most Accurate Forex Analyst in Dubai | Forex Courses | Forex Knowledge | Learn Forex Trading | NFP | Non Farm Payroll |Analysis Accuracy
Figure 3: Piyush Ratnu XAUUSD Analysis | XAUUSD Price movement witnessed till 05 May 2023

February low: $1804 (27.02.2023)   |  March low: $1809 (08.03.2023)  | April low: $1947

February high: $1960 (27.02.2023)|  March high: $2006 (20.03.2023)  | April high: $2048 (13.04.2023)

Read NFP Day Analysis dated 03.02.2023 here:  https://www.piyushratnu.com/xauusd-price-analysis-spot-gold-1866-1836-or-2023-in-2023/

Read NFP Day Analysis dated 10.03.2023 here: https://www.piyushratnu.com/most-accurate-spot-gold-price-forecast-xauusd/

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