Piyush Lalsingh Ratnu
- Trader & Analyst en Piyush Ratnu XAUUSD Spot Gold Research
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Piyush Ratnu is an independent forex market analyst & trader with core expertise in XAUUSD/Spot Gold.
With more than 15 years of experience as a Financial Market Analyst, Piyush Ratnu held the responsibility of developing and refining a series of algorithms & analytic tools to simplify the trading processes. His tools and algorithms were defined and rated as “unlike tools seen in the market before, extensively designed and most importantly, functional and logical” by some of the top financial companies and analysts at New York, London and Dubai.
Piyush Ratnu holds an experience of 290,000 trades, 1,790,000 pips calculated with a remarkable trading execution rate of 2 trades per second in an ideal scenario with profit booking in less than 8 seconds tracing 60+ pips/trade, as per audited and verified track record of last 10 years.
Core strength:
Economics, Economic Data Analysis, Spot Gold (XAUUSD), USD Majors, SR MTF Range Trading, Chart Patterns,
Volume Trading, Day Trading & Position Trading
Trading style
Fundamental based Intra-day trading.
Analysis based on proprietary algorithm + 90+ parameters.
Core focus: US Futures and XAUUSD | Spot Gold
Motto
Plan your trade, and then trade your plan!
Detailed research: https://www.reddit.com/r/prgoldanalysis
Track Record since 2021: https://bit.ly/PRxauusdAnalysis
MyFxBook:
X.com: https://x.com/piyushratnu
Insta: https://www.instagram.com/piyushratnuofficial
Connect for more details:
Telegram: https://www.T.me/PiyushRatnuOfficial
Risk Disclaimer:
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Trading foreign exchange, indices and commodities, on margin, carries a high level of risk and may not be suitable for all individuals.
The information made available by Piyush Ratnu is for your general information only and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation and is not intended to be relied upon by users in making, or refraining from making, any investment decisions.
Piyush Ratnu does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position(s) of Piyush Ratnu.
With more than 15 years of experience as a Financial Market Analyst, Piyush Ratnu held the responsibility of developing and refining a series of algorithms & analytic tools to simplify the trading processes. His tools and algorithms were defined and rated as “unlike tools seen in the market before, extensively designed and most importantly, functional and logical” by some of the top financial companies and analysts at New York, London and Dubai.
Piyush Ratnu holds an experience of 290,000 trades, 1,790,000 pips calculated with a remarkable trading execution rate of 2 trades per second in an ideal scenario with profit booking in less than 8 seconds tracing 60+ pips/trade, as per audited and verified track record of last 10 years.
Core strength:
Economics, Economic Data Analysis, Spot Gold (XAUUSD), USD Majors, SR MTF Range Trading, Chart Patterns,
Volume Trading, Day Trading & Position Trading
Trading style
Fundamental based Intra-day trading.
Analysis based on proprietary algorithm + 90+ parameters.
Core focus: US Futures and XAUUSD | Spot Gold
Motto
Plan your trade, and then trade your plan!
Detailed research: https://www.reddit.com/r/prgoldanalysis
Track Record since 2021: https://bit.ly/PRxauusdAnalysis
MyFxBook:
X.com: https://x.com/piyushratnu
Insta: https://www.instagram.com/piyushratnuofficial
Connect for more details:
Telegram: https://www.T.me/PiyushRatnuOfficial
Risk Disclaimer:
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Trading foreign exchange, indices and commodities, on margin, carries a high level of risk and may not be suitable for all individuals.
The information made available by Piyush Ratnu is for your general information only and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation and is not intended to be relied upon by users in making, or refraining from making, any investment decisions.
Piyush Ratnu does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position(s) of Piyush Ratnu.
Piyush Lalsingh Ratnu
🆘 DXY -
US10YT RT +
USDJPY +
XAUXAG 85.29
🔺 R2 $2365
🔻 S2 $2300
🟢 XAUUSD under PPZ
Avoid entries.
S2/R2 crucial +4/8/12
Exit NAP
#XAUUSD
US10YT RT +
USDJPY +
XAUXAG 85.29
🔺 R2 $2365
🔻 S2 $2300
🟢 XAUUSD under PPZ
Avoid entries.
S2/R2 crucial +4/8/12
Exit NAP
#XAUUSD
Piyush Lalsingh Ratnu
KEY ECONOMIC DATA today:
16:30 USD Continuing Jobless Claims 1,810K 1,812K
16:30 USD GDP (QoQ) (Q1) 2.5% 3.4%
16:30 USD GDP Price Index (QoQ) (Q1) 3.0% 1.7%
16:30 USD Goods Trade Balance (Mar) -91.10B -90.30B
16:30 USD Initial Jobless Claims 214K 212K
16:30 USD Retail Inventories Ex Auto (Mar) 0.4%
18:00 USD Pending Home Sales (MoM) (Mar) 0.3% 1.6%
21:00 USD 7-Year Note Auction 4.185%
#PRDXB #PiyushRatnu #XAUUSD #forex
16:30 USD Continuing Jobless Claims 1,810K 1,812K
16:30 USD GDP (QoQ) (Q1) 2.5% 3.4%
16:30 USD GDP Price Index (QoQ) (Q1) 3.0% 1.7%
16:30 USD Goods Trade Balance (Mar) -91.10B -90.30B
16:30 USD Initial Jobless Claims 214K 212K
16:30 USD Retail Inventories Ex Auto (Mar) 0.4%
18:00 USD Pending Home Sales (MoM) (Mar) 0.3% 1.6%
21:00 USD 7-Year Note Auction 4.185%
#PRDXB #PiyushRatnu #XAUUSD #forex
Piyush Lalsingh Ratnu
As Alerted by me on 29 January, 2024:
Finally top media houses accepted and published the facts mentioned by me.
#XAUUSD #PRDXB #PiyushRatnu
https://www.bloomberg.com/news/articles/2024-04-23/gold-s-record-setting-rally-may-have-its-roots-in-chinese-frenzysrnd=homepage-middle-east
Finally top media houses accepted and published the facts mentioned by me.
#XAUUSD #PRDXB #PiyushRatnu
https://www.bloomberg.com/news/articles/2024-04-23/gold-s-record-setting-rally-may-have-its-roots-in-chinese-frenzysrnd=homepage-middle-east
Piyush Lalsingh Ratnu
Economic Data today:
16:30 USD Core Durable Goods Orders (MoM) (Mar) 0.3% 0.5%
16:30 USD Durable Goods Orders (MoM) (Mar) 2.5% 1.3%
18:30 USD Crude Oil Inventories 1.600M 2.735M
18:30 USD Cushing Crude Oil Inventories 0.033M
20:30 USD Atlanta Fed GDPNow (Q1) 2.9% 2.9%
21:00 USD 5-Year Note Auction 4.235%
16:30 USD Core Durable Goods Orders (MoM) (Mar) 0.3% 0.5%
16:30 USD Durable Goods Orders (MoM) (Mar) 2.5% 1.3%
18:30 USD Crude Oil Inventories 1.600M 2.735M
18:30 USD Cushing Crude Oil Inventories 0.033M
20:30 USD Atlanta Fed GDPNow (Q1) 2.9% 2.9%
21:00 USD 5-Year Note Auction 4.235%
Piyush Lalsingh Ratnu
🟢 $2323 achieved once again.
CMP $2323.90
Reversal achieved from $2313
$10 Profit booked once again
Close all Long positions.
CMP $2323.90
Reversal achieved from $2313
$10 Profit booked once again
Close all Long positions.
Piyush Lalsingh Ratnu
USDJPY
@154.845
$155.555 next?
@154.845
$155.555 next?
Piyush Lalsingh Ratnu
2024.04.25
$155.514 HIGH achieved at 07.00 hours 25.04.2024, as projected on Monday.
Piyush Lalsingh Ratnu
Gold price is trading close to $2,400 early Friday, reversing from a fresh five-day high reached at $2,418 earlier in the Asian session. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row.
Iran's Fars news agency said an explosion was heard at an airport in the central city of Isfahan but the cause was not immediately known. Several Iranian nuclear sites are located in Isfahan province, including Natanz, the centerpiece of Iran’s uranium enrichment program, per Reuters.
🟢 Iran appears to be downplaying the Israel attack, as an Iranian official stated that "there's been no airstrike in Isfahan or other parts of the country. They only made a failed and humiliating attempt to fly quadcopters, and they were all shot down." This denial by Iran could be capping the Gold price rally, for now.
On these reports, a sudden flight to safety mode took over the financial markets and investors flocked to the traditional safe haven in Gold, driving the bright metal back above the $2,400 mark.
🆘 Risk premiums in markets have increased over the last week not only because geopolitical tensions are picking up but after the Fed’s admission that inflation is likely to delay rates easing.
Traders’ initial reaction to the Isfahan blasts was to price in the worst case scenario, with havens like the CHF, JPY and US Treasuries big gainers alongside oil.
Carry trades were unwound with rapid drops in the Mexican peso against the JPY and CHF. While those moves have faded a bit, Mary says volatility will stick around. The almost certain lack of support from Fed accommodation doesn’t help.
Risk-aversion is in full swing across the financial markets after ABC News confirmed reports, citing a US official, that Israeli missiles struck a site in Iran, leading to further escalation in the Middle East geopolitical tensions.
Reuters reported, citing Iran’s Fars News Agency, that locals heard explosions in central Isfahan airport; although the reason for the explosions is unknown.
"The cause of these sounds is still unknown, and investigations continue until the exact details of the incident are determined," the semi-official Fars news agency said.
Earlier, reports came in, citing that a radar battalion hit in Syria near the city of Izraa. Another chatter was that there were 'explosions' near the city of Isfahan in central Iran. Finally, speculations over warplane activity across parts of Iraq hit wires.
Bloomberg reported on Thursday, citing sources, “Israeli officials notified the US earlier today they planned to retaliate in the next 24-48 hours.”
XAUUSD Crucial Zones:
SZ R: $2424/2469
BZ C: $2333/2323
Iran's Fars news agency said an explosion was heard at an airport in the central city of Isfahan but the cause was not immediately known. Several Iranian nuclear sites are located in Isfahan province, including Natanz, the centerpiece of Iran’s uranium enrichment program, per Reuters.
🟢 Iran appears to be downplaying the Israel attack, as an Iranian official stated that "there's been no airstrike in Isfahan or other parts of the country. They only made a failed and humiliating attempt to fly quadcopters, and they were all shot down." This denial by Iran could be capping the Gold price rally, for now.
On these reports, a sudden flight to safety mode took over the financial markets and investors flocked to the traditional safe haven in Gold, driving the bright metal back above the $2,400 mark.
🆘 Risk premiums in markets have increased over the last week not only because geopolitical tensions are picking up but after the Fed’s admission that inflation is likely to delay rates easing.
Traders’ initial reaction to the Isfahan blasts was to price in the worst case scenario, with havens like the CHF, JPY and US Treasuries big gainers alongside oil.
Carry trades were unwound with rapid drops in the Mexican peso against the JPY and CHF. While those moves have faded a bit, Mary says volatility will stick around. The almost certain lack of support from Fed accommodation doesn’t help.
Risk-aversion is in full swing across the financial markets after ABC News confirmed reports, citing a US official, that Israeli missiles struck a site in Iran, leading to further escalation in the Middle East geopolitical tensions.
Reuters reported, citing Iran’s Fars News Agency, that locals heard explosions in central Isfahan airport; although the reason for the explosions is unknown.
"The cause of these sounds is still unknown, and investigations continue until the exact details of the incident are determined," the semi-official Fars news agency said.
Earlier, reports came in, citing that a radar battalion hit in Syria near the city of Izraa. Another chatter was that there were 'explosions' near the city of Isfahan in central Iran. Finally, speculations over warplane activity across parts of Iraq hit wires.
Bloomberg reported on Thursday, citing sources, “Israeli officials notified the US earlier today they planned to retaliate in the next 24-48 hours.”
XAUUSD Crucial Zones:
SZ R: $2424/2469
BZ C: $2333/2323
Piyush Lalsingh Ratnu
XAUUSD: CMP $2392
I will wait for early morning price action, before entering in a set of trades, TRADING on HOLD.
I will wait for early morning price action, before entering in a set of trades, TRADING on HOLD.
Piyush Lalsingh Ratnu
Watch the review of our analysis published on 29 January 2024
https://youtube.com/watch?v=T7sNy6nZA-E
#XAUUSD #PiyushRatnu #forex #forextrading
https://youtube.com/watch?v=T7sNy6nZA-E
#XAUUSD #PiyushRatnu #forex #forextrading
Piyush Lalsingh Ratnu
XAUUSD: $2525 or $2222 before/on 06.05.2024?
#PiyushRatnu #Forex #Trading #Analysis #XAUUSD
#PiyushRatnu #Forex #Trading #Analysis #XAUUSD
Piyush Lalsingh Ratnu
Gold Price surges ignoring US economic strength, amid geopolitical concerns
XAU/USD trades at $2,384 after hitting a daily low of $2,324 ($2323 zone) yesterday as projected by us as a buying zone in 15.15 hours analysis.
Verify at:
https://t.me/c/1654158888/8659 |
https://twitter.com/piyushratnu/status/1779885868041269429
Investors remain concerned about possible Israeli retaliation following Iran’s missile and drone attack over the weekend. Even though the White House urged Israel against retaliation, Israel's military chief said, “There will be a response to Iranian missiles and drones launched toward Israeli territory.”
Weekend news kept concerns alive as Iran launched a massive attack on Israel, spurring fears of an Israeli retaliation. Western allies called for the latter to avoid escalating the conflict, but it’s unclear what Israeli Prime Minister Benjamin Netanyahu could do next. Netanyahu is discussing with its cabinet whether or not they will hit back at Iran. Tensions affected Oil prices the most but also backed demand for the Greenback.
🔘 Fundamentals based on Economics
March's US Retail Sales saw a 0.7% MoM increase, surpassing the expected 0.4%. This rise contributes to a 2.1% growth in Q1 2024 compared to last year's period, signaling strong consumer activity.
Data from the Chicago Board of Trade (CBOT) suggests that traders expect the Fed funds rate to finish at 4.965% in 2024.
🔘 Technical Analysis
Gold’s final top?
It most likely means that “this is it”. This was the final top for the price of gold for at least some time. At least that’s what the huge-volume sessions meant previously, especially when gold was similarly overbought as it was recently. Gold’s huge-volume reversal is definitely THE news that got the spotlight last week. What does it mean?
Gold prices reversed right above the price levels that were likely to mark the end of the rally ($2424 zone) based on how far gold rallied previously and based on the Fibonacci extension techniques + projection as per PRSRLVL algorithm.
🔘 Regarding USDJPY: we observed that Friday was the third consecutive day when the currency pair closed above its 2022 and 2023 highs, and it was also the weekly close – this makes the breakout confirmed. Indeed, the pair is moving higher also today CMP $154.350
There was a time when the USDJPY was also after a major breakout, and it was starting a huge rally… And you know what happened to gold, then?
💎For the above co-relation based analysis: refer USDJPY vs XAUUSD W1 16.10.2022 chart.
What did we witness on 16.10.2022?
🔺USDJPY $151.800
🔻XAUUSD $1636.00
⚠️Considering all the above fundamental and technical scenarios, there is one very important condition to be considered while making a trading plan: GEO-political tensions.
🆘 A sudden missile strike or announcement related to Interest Rates/ Sanctions / Iran-Israel retaliation/ US action on Iran / Statement by Russia/China is expected in the next 15 trading days (before 06.05.24), hence it will be wise to maintain price gaps, implement risk management and keep additional funds (3x) ready in case of high volatility.🆘
Needless to mention, a sudden increase in margin requirement, decrease in leverage is not something we have not seen in the last 4 years.
🍎 Crucial Zones: XAUUSD:
🔺R:SZ: $2385/2424/2469/2496/2525/2552
🔻C: BZ: $2323/2288/2244/2222/2200/2169
XAU/USD trades at $2,384 after hitting a daily low of $2,324 ($2323 zone) yesterday as projected by us as a buying zone in 15.15 hours analysis.
Verify at:
https://t.me/c/1654158888/8659 |
https://twitter.com/piyushratnu/status/1779885868041269429
Investors remain concerned about possible Israeli retaliation following Iran’s missile and drone attack over the weekend. Even though the White House urged Israel against retaliation, Israel's military chief said, “There will be a response to Iranian missiles and drones launched toward Israeli territory.”
Weekend news kept concerns alive as Iran launched a massive attack on Israel, spurring fears of an Israeli retaliation. Western allies called for the latter to avoid escalating the conflict, but it’s unclear what Israeli Prime Minister Benjamin Netanyahu could do next. Netanyahu is discussing with its cabinet whether or not they will hit back at Iran. Tensions affected Oil prices the most but also backed demand for the Greenback.
🔘 Fundamentals based on Economics
March's US Retail Sales saw a 0.7% MoM increase, surpassing the expected 0.4%. This rise contributes to a 2.1% growth in Q1 2024 compared to last year's period, signaling strong consumer activity.
Data from the Chicago Board of Trade (CBOT) suggests that traders expect the Fed funds rate to finish at 4.965% in 2024.
🔘 Technical Analysis
Gold’s final top?
It most likely means that “this is it”. This was the final top for the price of gold for at least some time. At least that’s what the huge-volume sessions meant previously, especially when gold was similarly overbought as it was recently. Gold’s huge-volume reversal is definitely THE news that got the spotlight last week. What does it mean?
Gold prices reversed right above the price levels that were likely to mark the end of the rally ($2424 zone) based on how far gold rallied previously and based on the Fibonacci extension techniques + projection as per PRSRLVL algorithm.
🔘 Regarding USDJPY: we observed that Friday was the third consecutive day when the currency pair closed above its 2022 and 2023 highs, and it was also the weekly close – this makes the breakout confirmed. Indeed, the pair is moving higher also today CMP $154.350
There was a time when the USDJPY was also after a major breakout, and it was starting a huge rally… And you know what happened to gold, then?
💎For the above co-relation based analysis: refer USDJPY vs XAUUSD W1 16.10.2022 chart.
What did we witness on 16.10.2022?
🔺USDJPY $151.800
🔻XAUUSD $1636.00
⚠️Considering all the above fundamental and technical scenarios, there is one very important condition to be considered while making a trading plan: GEO-political tensions.
🆘 A sudden missile strike or announcement related to Interest Rates/ Sanctions / Iran-Israel retaliation/ US action on Iran / Statement by Russia/China is expected in the next 15 trading days (before 06.05.24), hence it will be wise to maintain price gaps, implement risk management and keep additional funds (3x) ready in case of high volatility.🆘
Needless to mention, a sudden increase in margin requirement, decrease in leverage is not something we have not seen in the last 4 years.
🍎 Crucial Zones: XAUUSD:
🔺R:SZ: $2385/2424/2469/2496/2525/2552
🔻C: BZ: $2323/2288/2244/2222/2200/2169
Piyush Lalsingh Ratnu
Key Economic Data today:
16:30 USD Core Retail Sales (MoM) (Mar) 0.5% 0.3%
16:30 USD FOMC Member Williams Speaks
16:30 USD NY Empire State Manufacturing Index (Apr) -5.20 -20.90
16:30 USD Retail Control (MoM) (Mar) 0.0%
16:30 USD Retail Sales (MoM) (Mar) 0.4% 0.6%
18:00 USD Business Inventories (MoM) (Feb) 0.3% 0.0%
18:00 USD Retail Inventories Ex Auto (Feb) 0.4% 0.3%
22:00 USD Atlanta Fed GDPNow (Q1) 2.4% 2.4%
16:30 USD Core Retail Sales (MoM) (Mar) 0.5% 0.3%
16:30 USD FOMC Member Williams Speaks
16:30 USD NY Empire State Manufacturing Index (Apr) -5.20 -20.90
16:30 USD Retail Control (MoM) (Mar) 0.0%
16:30 USD Retail Sales (MoM) (Mar) 0.4% 0.6%
18:00 USD Business Inventories (MoM) (Feb) 0.3% 0.0%
18:00 USD Retail Inventories Ex Auto (Feb) 0.4% 0.3%
22:00 USD Atlanta Fed GDPNow (Q1) 2.4% 2.4%
Piyush Lalsingh Ratnu
🍎 Why XAUUSD Crashed from $2424?
1. Technical Correction before a BIG + rally. According to news sources, Iran is preparing an attack on Israeli soil following an Israeli attack that killed seven Iranian officials two weeks ago.
2. $2424: SELL ORDERS: profit booking estimate: $75-90 ($2345 zone)
3. Post EU Rate cut proposition: Volumes increased in GOLD
4. Geo-political tensions based movement: retracement H1Az: According to news sources, Iran is preparing an attack on Israeli soil following an Israeli attack that killed seven Iranian officials two weeks ago.
5. Fed officials' comments boost the US Dollar, a headwind for Gold prices. Federal Reserve officials are crossing newswires led by Boston Fed President Susan Collins, Chicago Fed President Austan Goolsbee, and the Kansas City Fed’s Jeffrey Schmid, largely heaping more cold water on rate cut hopes.
USDJPY 153.250
USD S 90
JPY S 66
US F - - -
US10YT + + +
DXY 105.800
The US Dollar Index (DXY) also witnessed a substantial increase, soaring over 0.64% to reach a new YTD high of 106.10.
XAUXAG 83.80
USDCNY 7.237
World Gold Consortium reveals that the People’s Bank of China was the largest buyer of the yellow metal in February, increasing its reserves by 12 tonnes to 2,257 tonnes.
Impact: XAUUSD (-) $95 | CMP $2343
🔷 I expect a gap in price on Monday early morning session.
🔷 I suggest to avoid trades, it will be wise to wait for Monday opening, since 13.4.2024/17.04.2024 might be a crucial date for geo-political tensions.
1. Technical Correction before a BIG + rally. According to news sources, Iran is preparing an attack on Israeli soil following an Israeli attack that killed seven Iranian officials two weeks ago.
2. $2424: SELL ORDERS: profit booking estimate: $75-90 ($2345 zone)
3. Post EU Rate cut proposition: Volumes increased in GOLD
4. Geo-political tensions based movement: retracement H1Az: According to news sources, Iran is preparing an attack on Israeli soil following an Israeli attack that killed seven Iranian officials two weeks ago.
5. Fed officials' comments boost the US Dollar, a headwind for Gold prices. Federal Reserve officials are crossing newswires led by Boston Fed President Susan Collins, Chicago Fed President Austan Goolsbee, and the Kansas City Fed’s Jeffrey Schmid, largely heaping more cold water on rate cut hopes.
USDJPY 153.250
USD S 90
JPY S 66
US F - - -
US10YT + + +
DXY 105.800
The US Dollar Index (DXY) also witnessed a substantial increase, soaring over 0.64% to reach a new YTD high of 106.10.
XAUXAG 83.80
USDCNY 7.237
World Gold Consortium reveals that the People’s Bank of China was the largest buyer of the yellow metal in February, increasing its reserves by 12 tonnes to 2,257 tonnes.
Impact: XAUUSD (-) $95 | CMP $2343
🔷 I expect a gap in price on Monday early morning session.
🔷 I suggest to avoid trades, it will be wise to wait for Monday opening, since 13.4.2024/17.04.2024 might be a crucial date for geo-political tensions.