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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
How to trade XAUUSD accurately on NFP Day?
#XAUUSD #NFP #NonfarmPayrolls #Forex #PRDXB #PiyushRatnu #Gold
#XAUUSD #NFP #NonfarmPayrolls #Forex #PRDXB #PiyushRatnu #Gold
Piyush Lalsingh Ratnu
Gold price (XAU/USD)🔺 attracts some follow-through buying for the second straight day and climbs to a two-week top, around the $2,373 area during the Asian session on Thursday. Moreover, the near-term bias remains tilted in favor of bulls in the wake of bets that major central banks will lower borrowing costs to bolster economic activity. In fact, the Bank of Canada (BoC) on Wednesday lowered its benchmark rate for the first time in four years, from a more than two-decade high and signaled concern about slowing economic growth. Furthermore, the European Central Bank (ECB) is also expected to 🔺cut interest rates for the first time since March 2016 at the end of its June policy meeting later today.
Meanwhile, the markets are now pricing in a greater chance for an imminent rate cut by the Federal Reserve (Fed) amid signs of a slowdown in the US economy. The expectations keep the 🔻US Treasury bond yields depressed near the lowest level in over two months and fail to assist the US Dollar (USD) to build on its modest recovery gains registered over the past two days. This, along with persistent geopolitical tensions stemming from ongoing conflicts in the Middle East, continues to act as a tailwind for the safe-haven Gold price. Despite a combination of supporting factors, the upside for the XAU/USD seems limited as traders keenly await the release of the 🟢US Nonfarm Payrolls (NFP) report on Friday.
✔️ $2369 target achieved as projected on 03.06.2024
Meanwhile, the markets are now pricing in a greater chance for an imminent rate cut by the Federal Reserve (Fed) amid signs of a slowdown in the US economy. The expectations keep the 🔻US Treasury bond yields depressed near the lowest level in over two months and fail to assist the US Dollar (USD) to build on its modest recovery gains registered over the past two days. This, along with persistent geopolitical tensions stemming from ongoing conflicts in the Middle East, continues to act as a tailwind for the safe-haven Gold price. Despite a combination of supporting factors, the upside for the XAU/USD seems limited as traders keenly await the release of the 🟢US Nonfarm Payrolls (NFP) report on Friday.
✔️ $2369 target achieved as projected on 03.06.2024
Piyush Lalsingh Ratnu
Subscribe to our Telegram Channel to receive Real Time XAUUSD Analysis & LIVE Trading Feed.
#PiyushRatnu | Connect at t.me/PiyushRatnuofficial
#XAUUSD #Gold #Forex #TradingEducation #Fx
#PiyushRatnu | Connect at t.me/PiyushRatnuofficial
#XAUUSD #Gold #Forex #TradingEducation #Fx
Piyush Lalsingh Ratnu
The seasonal chart of gold supports this view, showing that June has only a 40% chance of positive monthly closing, while July has a 75% chance of positive monthly closing over the past five years.
#PiyushRatnu #Gold #XAUUSD #Forex
#PiyushRatnu #Gold #XAUUSD #Forex
Piyush Lalsingh Ratnu
On Monday, Gold price defended the critical daily support line and witnessed a solid turnaround in the latter part of the day after the US Dollar was smashed alongside the US Treasury bond yields, following the release of downbeat Institute for Supply Management (ISM) Manufacturing PMI and the Price Paid component.
Data released by the ISM showed on Monday, the main PMI index dropped from 49.2 in April to 48.7 in May, missing the expected 49.6 print. The ISM Manufacturing Prices Paid eased to 57.0 in May vs. 60.9 previous and 60.0 expected.
Weak data revived bets for a September interest rate cut by the US Federal Reserve (Fed). Markets are currently pricing in about a 52% chance of a 25 basis points (bps) Fed rate cut in September, against a 47% probability of such a reduction last Friday, CME Group’s FedWatch tool shows.
In Tuesday's trading so far, Gold price is struggling to hold its recovery momentum, as the US Dollar attempts a tepid bounce along with the US Treasury bond yields, as the market mood turns cautious ahead of the key US employment data. The US JOLTS Job Opening is likely to show a slight decrease to 8.34 million on the last day of April, as against the previous reading of 8.488 million.
Additionally, the broader market sentiment will also play a pivotal role in the Gold price action, as markets seek Fed policy cues from the upcoming employment data due for release this week. The ADP employment report will be published on Wednesday and Nonfarm Payrolls data will feature on Friday. The data will help gauge the US economic performance, which will have a significant impact on the Fed’s policy action, the value of the US Dollar and the non-interest-bearing Gold price.
🟢Crucial Price Zones this week: as projected on 03.06.2024
BZ: $2288/2266/2244/2222
SZ: $2369/2385/2407/2424
XAUUSD CMP $2330, low $2328, high $2353
Selling zone projected yesterday: $2355
Buying zone projected on Friday: $2313
Both directions based price targets achieved.
#XAUUSD #PiyushRatnu #Gold #Forex
Data released by the ISM showed on Monday, the main PMI index dropped from 49.2 in April to 48.7 in May, missing the expected 49.6 print. The ISM Manufacturing Prices Paid eased to 57.0 in May vs. 60.9 previous and 60.0 expected.
Weak data revived bets for a September interest rate cut by the US Federal Reserve (Fed). Markets are currently pricing in about a 52% chance of a 25 basis points (bps) Fed rate cut in September, against a 47% probability of such a reduction last Friday, CME Group’s FedWatch tool shows.
In Tuesday's trading so far, Gold price is struggling to hold its recovery momentum, as the US Dollar attempts a tepid bounce along with the US Treasury bond yields, as the market mood turns cautious ahead of the key US employment data. The US JOLTS Job Opening is likely to show a slight decrease to 8.34 million on the last day of April, as against the previous reading of 8.488 million.
Additionally, the broader market sentiment will also play a pivotal role in the Gold price action, as markets seek Fed policy cues from the upcoming employment data due for release this week. The ADP employment report will be published on Wednesday and Nonfarm Payrolls data will feature on Friday. The data will help gauge the US economic performance, which will have a significant impact on the Fed’s policy action, the value of the US Dollar and the non-interest-bearing Gold price.
🟢Crucial Price Zones this week: as projected on 03.06.2024
BZ: $2288/2266/2244/2222
SZ: $2369/2385/2407/2424
XAUUSD CMP $2330, low $2328, high $2353
Selling zone projected yesterday: $2355
Buying zone projected on Friday: $2313
Both directions based price targets achieved.
#XAUUSD #PiyushRatnu #Gold #Forex
Piyush Lalsingh Ratnu
XAUUSD: $2300 or $2400 next week?
⏰ US PCE Inflation Data to drive XAUUSD to a new range
Gold price is consolidating the previous bounce but remains confined in a narrow range near $2,350 early Friday. Gold price awaits the highly anticipated US Core Personal Consumption Expenditure (PCE) Price Index, the Federal Reserve’s preferred inflation measure, for a fresh directional impetus.
Markets have heavily pared back expectations for more than one Fed interest rate hike this year, in the wake of inflation persistence combined with the recent hawkish Fed commentaries. According to the CME Fed Watch Tool (https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html) (https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html) , markets are pricing about 50% odds that the Fed will hold rates in September while the probability of a November rate cut stands at around 64%.
The hawkish Fed expectations had revived the demand for the US Dollar across the board, as the US Treasury bond yields rallied to multi-week highs. However, Thursday’s downward revision to the annualized first-quarter US Gross Domestic Product (GDP) data to 1.3% from 1.6% in the first estimate and a modest increase in the Initial Jobless Claims acted as a headwind to the US Dollar’s upside, fuelling a Greenback sel-off alongside the US Treasury bond yields.
This helped 🔺Gold price attempt a modest comeback, having incurred steep losses on Wednesday. Looking ahead, it remains to be seen if Gold price can hold its renewed upside, as its fate hinges on the US Core PCE inflation data due later in American trading on Friday. Core PCE Price Index is expected to rise 2.8% YoY in April, at the same pace as seen in March.
🆘A surprise uptick in the Core figure will reinforce delayed and less aggressive Fed rate cut expectations, providing extra legs to the US Dollar decline while smashing Gold price.
⚠️ A 🔺 hot US Core PCE inflation print could trigger🔻 XAUUSD to $2323/2303/2288
🆘Conversely, the Gold price could build on the rebound should the data show an unexpected softness in the Core PCE inflation, ramping up bets for a September Fed rate cut.
⚠️ Alternative scenario: 🔻US inflation data might push XAUUSD to $2369/2385/2407 zone.
⏰ US PCE Inflation Data to drive XAUUSD to a new range
Gold price is consolidating the previous bounce but remains confined in a narrow range near $2,350 early Friday. Gold price awaits the highly anticipated US Core Personal Consumption Expenditure (PCE) Price Index, the Federal Reserve’s preferred inflation measure, for a fresh directional impetus.
Markets have heavily pared back expectations for more than one Fed interest rate hike this year, in the wake of inflation persistence combined with the recent hawkish Fed commentaries. According to the CME Fed Watch Tool (https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html) (https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html) , markets are pricing about 50% odds that the Fed will hold rates in September while the probability of a November rate cut stands at around 64%.
The hawkish Fed expectations had revived the demand for the US Dollar across the board, as the US Treasury bond yields rallied to multi-week highs. However, Thursday’s downward revision to the annualized first-quarter US Gross Domestic Product (GDP) data to 1.3% from 1.6% in the first estimate and a modest increase in the Initial Jobless Claims acted as a headwind to the US Dollar’s upside, fuelling a Greenback sel-off alongside the US Treasury bond yields.
This helped 🔺Gold price attempt a modest comeback, having incurred steep losses on Wednesday. Looking ahead, it remains to be seen if Gold price can hold its renewed upside, as its fate hinges on the US Core PCE inflation data due later in American trading on Friday. Core PCE Price Index is expected to rise 2.8% YoY in April, at the same pace as seen in March.
🆘A surprise uptick in the Core figure will reinforce delayed and less aggressive Fed rate cut expectations, providing extra legs to the US Dollar decline while smashing Gold price.
⚠️ A 🔺 hot US Core PCE inflation print could trigger🔻 XAUUSD to $2323/2303/2288
🆘Conversely, the Gold price could build on the rebound should the data show an unexpected softness in the Core PCE inflation, ramping up bets for a September Fed rate cut.
⚠️ Alternative scenario: 🔻US inflation data might push XAUUSD to $2369/2385/2407 zone.
Piyush Lalsingh Ratnu
WHY XAUUSD 🔺 after GDP data?
Annualized US GDP growth in Q1 was revised down to 1.3% from a first estimate of 1.6%, according to data from the US Bureau of Economic Analysis, released on Thursday. The reading was below the 3.4% in Q4 but in line with analysts' expectations. The data led to a fall in US Treasury yields which are negatively correlated to Gold.
The GDP data suggests the US economy is not as strong as analysts had previously thought, and could indicate declining inflation, which in turn might lead the Federal Reserve (Fed) to lower interest rates – a positive for Gold since lower interest rates reduce the opportunity cost of holding the precious metal.
#XAUUSD
Annualized US GDP growth in Q1 was revised down to 1.3% from a first estimate of 1.6%, according to data from the US Bureau of Economic Analysis, released on Thursday. The reading was below the 3.4% in Q4 but in line with analysts' expectations. The data led to a fall in US Treasury yields which are negatively correlated to Gold.
The GDP data suggests the US economy is not as strong as analysts had previously thought, and could indicate declining inflation, which in turn might lead the Federal Reserve (Fed) to lower interest rates – a positive for Gold since lower interest rates reduce the opportunity cost of holding the precious metal.
#XAUUSD
Piyush Lalsingh Ratnu
Important Economic Data today:
16:30 USD Continuing Jobless Claims 1,800K 1,794K
16:30 USD Core PCE Prices (Q1) 3.70% 2.00%
16:30 USD GDP (QoQ) (Q1) 1.6% 3.4%
16:30 USD GDP Price Index (QoQ) (Q1) 3.1% 1.7%
16:30 USD Goods Trade Balance (Apr) -91.90B -91.54B
16:30 USD Initial Jobless Claims 218K 215K
16:30 USD Retail Inventories Ex Auto (Apr) -0.2%
18:00 USD Pending Home Sales (MoM) (Apr) -1.1% 3.4%
19:00 USD Crude Oil Inventories -1.600M 1.825M
19:00 USD Cushing Crude Oil Inventories 1.325M
20:05 USD FOMC Member Williams Speaks
22:50 GBP BoE Gov Bailey Speaks
16:30 USD Continuing Jobless Claims 1,800K 1,794K
16:30 USD Core PCE Prices (Q1) 3.70% 2.00%
16:30 USD GDP (QoQ) (Q1) 1.6% 3.4%
16:30 USD GDP Price Index (QoQ) (Q1) 3.1% 1.7%
16:30 USD Goods Trade Balance (Apr) -91.90B -91.54B
16:30 USD Initial Jobless Claims 218K 215K
16:30 USD Retail Inventories Ex Auto (Apr) -0.2%
18:00 USD Pending Home Sales (MoM) (Apr) -1.1% 3.4%
19:00 USD Crude Oil Inventories -1.600M 1.825M
19:00 USD Cushing Crude Oil Inventories 1.325M
20:05 USD FOMC Member Williams Speaks
22:50 GBP BoE Gov Bailey Speaks
Piyush Lalsingh Ratnu
23.05.2024 | XAUUSD Daily Price Projection | XAUUSD Analysis | Daily Price Projection | Spot Gold Analysis by Piyush Ratnu
Subscribe to our Telegram channel to receive live analysis without delay
Subscribe to our Telegram channel to receive live analysis without delay
Piyush Lalsingh Ratnu
#XAUUSD | Trading Plan as projected on 17 May 2024
Witnessed on 22 May 2024
#PiyushRatnu #PRDXB #Gold #XAUUSD #PRDXB
Witnessed on 22 May 2024
#PiyushRatnu #PRDXB #Gold #XAUUSD #PRDXB
Piyush Lalsingh Ratnu
Co-relations: ALERT:
Today's + USDJPY move: 600 P
Expected Impact on XAUUSD:
$2424-20 = $2404
$2404 achieved at H1A618 zone | 15.57 hours DXB
#XAUUSD #PiyushRatnu #PRDXB #Gold
Today's + USDJPY move: 600 P
Expected Impact on XAUUSD:
$2424-20 = $2404
$2404 achieved at H1A618 zone | 15.57 hours DXB
#XAUUSD #PiyushRatnu #PRDXB #Gold
Piyush Lalsingh Ratnu
20.05.2024 | XAUUSD: Daily Price Projection | XAUUSD Analysis | Daily Price Projection | Spot Gold Analysis by Piyush Ratnu
Piyush Lalsingh Ratnu
USD S 88
GBP 92
AUD 14
JPY 22
DXY +
US10YT +
USDCNY +
XAUXAG 77.89
#XAUUSD CMP $2416 RT from $2442 - SZ alerted on 13 May 2024
GBP 92
AUD 14
JPY 22
DXY +
US10YT +
USDCNY +
XAUXAG 77.89
#XAUUSD CMP $2416 RT from $2442 - SZ alerted on 13 May 2024
Piyush Lalsingh Ratnu
#XAUUSD
Piyush Ratnu Financial Market Research
Trading Plan Review: 17 May - 20 May 2024
#PiyushRatnu #PRDXB #Forex #Gold #Trading
Piyush Ratnu Financial Market Research
Trading Plan Review: 17 May - 20 May 2024
#PiyushRatnu #PRDXB #Forex #Gold #Trading