As projected in my analysis dated 02.12.2022: If the Bullish momentum pushes Gold price across the $1812 barrier, $1818, 1836 and 1866 can be the next target for Gold, opening the way to the $1888 – $1926 zone. Price zone projected for buy limits: below $1769, XAUUSD marked a low of 1764, hence buying below 1769 gave us handsome profits too. CMP 1836.

As observed in December, 2022: XAUUSD marked the low of $1764 on 06.12.2022, and retraced from there and made an uptrend movement breaching the levels of 1777-1818-1836, halting at 1865 on 04.01.2023 and reversing back to $1825 zone on 05.01.2023.

Sell limits projected in my analysis dated 02.12.2022:

R2/R3 ZONE 1836| UP TREND (Above 1812):  1818/1836/1866/1888   | SELL LIMITS

Traders who sold above 1818, made a good profit in net average profit as XAUUSD retraced from 1818 to 1796 between 27.12.2022 – 28.12.2022. Selling at $1836 + zone gave us good results on 03.01.2023 (New Year opening session) as XAUUSD touched the mark of $1849 before reversing back to $1826, giving us a net price movement of 22 dollars in sell direction. In case if one would have chosen to hold the sell positions above $1836 level, XAUUSD touched the mark of $1865 and reversed back to $1825 on 05 January 2023.

Price Data Accuracy Check: December 2022:

December High: $1834 (27.12.2022)

December low: $1764 (06.12.2022)

Read August NFP Day Analysis dated 02.12.2022 here.