Piyush Lalsingh Ratnu
- Trader & Analyst al Piyush Ratnu XAUUSD Spot Gold Research
- Emirati Arabi Uniti
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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
SUMMARY of FED MONETARY POLICY STATEMENT:
"Effective November 3, 2022, the Federal Open Market Committee directs the Desk to:
o Undertake open market operations as necessary to maintain the federal funds rate in a target range of 3-3/4 to 4 percent.
o Conduct overnight repurchase agreement operations with a minimum bid rate of 4 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair.
o Conduct overnight reverse repurchase agreement operations at an offering rate of 3.8 percent and with a per-counterparty limit of $160 billion per day; the percounterparty limit can be temporarily increased at the discretion of the Chair.
o Roll over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing in each calendar month that exceeds a cap of $60 billion per month. Redeem Treasury coupon securities up to this monthly cap and Treasury bills to the extent that coupon principal payments are less than the monthly cap.
o Reinvest into agency mortgage-backed securities (MBS) the amount of principal payments from the Federal Reserve's holdings of agency debt and agency MBS received in each calendar month that exceeds a cap of $35 billion per month.
o Allow modest deviations from stated amounts for reinvestments, if needed for operational reasons.
o Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions."
Important point from the policy:
The Committee is strongly committed to returning inflation to its 2 percent objective.
In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve’s Balance Sheet that were issued in May.
Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks.
IMPACT: more higher interest rates = pressure on GOLD
POLICY: https://www.federalreserve.gov/monetarypolicy/files/monetary20221102a1.pdf
"Effective November 3, 2022, the Federal Open Market Committee directs the Desk to:
o Undertake open market operations as necessary to maintain the federal funds rate in a target range of 3-3/4 to 4 percent.
o Conduct overnight repurchase agreement operations with a minimum bid rate of 4 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair.
o Conduct overnight reverse repurchase agreement operations at an offering rate of 3.8 percent and with a per-counterparty limit of $160 billion per day; the percounterparty limit can be temporarily increased at the discretion of the Chair.
o Roll over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing in each calendar month that exceeds a cap of $60 billion per month. Redeem Treasury coupon securities up to this monthly cap and Treasury bills to the extent that coupon principal payments are less than the monthly cap.
o Reinvest into agency mortgage-backed securities (MBS) the amount of principal payments from the Federal Reserve's holdings of agency debt and agency MBS received in each calendar month that exceeds a cap of $35 billion per month.
o Allow modest deviations from stated amounts for reinvestments, if needed for operational reasons.
o Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions."
Important point from the policy:
The Committee is strongly committed to returning inflation to its 2 percent objective.
In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve’s Balance Sheet that were issued in May.
Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks.
IMPACT: more higher interest rates = pressure on GOLD
POLICY: https://www.federalreserve.gov/monetarypolicy/files/monetary20221102a1.pdf
Piyush Lalsingh Ratnu
North Korea Warns US With ‘Powerful Measures’ After Drills
North Korea threatened to unleash a powerful action if the US does not halt joint military drills with partners including South Korea, in what might be an effort by Kim Jong Un to lay the groundwork for his first nuclear test in five years.
“If the US continuously persists in the grave military provocations, the DPRK will take into account more powerful follow-up measures,” the state’s foreign ministry said in a statement released on official media Tuesday. Such ministry statements are often used by the country, officially known as the Democratic People’s Republic of Korea, to make clear the warning is coming from Kim’s regime.
The US and South Korea this week started joint air drills known as Vigilant Storm that will run through Friday and involve about 240 aircraft in about 1,600 sorties to “hone their wartime capabilities,” the US 7th Air Force said in a statement. The drills have added to a series of joint exercises on land, sea and air in recent weeks, some of which have also included Japan, that have led to complaints and provocations from Pyongyang.
“If the U.S. does not want any serious developments not suited to its security interests, it should stop the useless and ineffective war exercises at once,” said the statement from the Foreign Ministry, which was released by the official Korean Central News Agency. “If not, it will have to totally take the blame for all the consequences.”
North Korea has finished preparations for a nuclear test, South Korea’s president told parliament, stoking concerns that Pyongyang’s first blast of an atomic device in five years could be imminent.
“We assess that it has already completed preparations for a seventh nuclear test,” Yoon Suk Yeol said Tuesday, adding Kim Jong Un’s regime has defended the preemptive use of nuclear weapons.
Impact: XAUUSD +$100-120 in 48 hours
North Korea threatened to unleash a powerful action if the US does not halt joint military drills with partners including South Korea, in what might be an effort by Kim Jong Un to lay the groundwork for his first nuclear test in five years.
“If the US continuously persists in the grave military provocations, the DPRK will take into account more powerful follow-up measures,” the state’s foreign ministry said in a statement released on official media Tuesday. Such ministry statements are often used by the country, officially known as the Democratic People’s Republic of Korea, to make clear the warning is coming from Kim’s regime.
The US and South Korea this week started joint air drills known as Vigilant Storm that will run through Friday and involve about 240 aircraft in about 1,600 sorties to “hone their wartime capabilities,” the US 7th Air Force said in a statement. The drills have added to a series of joint exercises on land, sea and air in recent weeks, some of which have also included Japan, that have led to complaints and provocations from Pyongyang.
“If the U.S. does not want any serious developments not suited to its security interests, it should stop the useless and ineffective war exercises at once,” said the statement from the Foreign Ministry, which was released by the official Korean Central News Agency. “If not, it will have to totally take the blame for all the consequences.”
North Korea has finished preparations for a nuclear test, South Korea’s president told parliament, stoking concerns that Pyongyang’s first blast of an atomic device in five years could be imminent.
“We assess that it has already completed preparations for a seventh nuclear test,” Yoon Suk Yeol said Tuesday, adding Kim Jong Un’s regime has defended the preemptive use of nuclear weapons.
Impact: XAUUSD +$100-120 in 48 hours
Piyush Lalsingh Ratnu
Saudi Arabia, US Share Intel on Possible Iran Attack
Saudi Arabia and the US have shared information indicating Iran may attack the kingdom or other nations in the region sometime soon, leading Washington and Riyadh to adjust their military posture, according to people familiar with the matter.
The two countries as well as regional allies have raised their military alert level, said the people, who asked not to be identified discussing internal deliberations. They described the possible attacks as an effort to distract from nationwide protests that have roiled Iran in recent weeks.
Tensions remain high, with Iran arrayed against Saudi Arabia and other nations in the region after a series of attacks in recent years that included Iran’s Islamic Revolutionary Guard Corps firing more than 70 missiles in September into Iraq’s Kurdish region, where the US still has troops stationed. In addition, a United Nations-brokered truce between Yemen’s government backed by the Saudis and the Iran-backed Shiite Houthi rebel militia has expired.
IMPACT: XAUUSD + $75-120 price movement in 24/48 hours.
Saudi Arabia and the US have shared information indicating Iran may attack the kingdom or other nations in the region sometime soon, leading Washington and Riyadh to adjust their military posture, according to people familiar with the matter.
The two countries as well as regional allies have raised their military alert level, said the people, who asked not to be identified discussing internal deliberations. They described the possible attacks as an effort to distract from nationwide protests that have roiled Iran in recent weeks.
Tensions remain high, with Iran arrayed against Saudi Arabia and other nations in the region after a series of attacks in recent years that included Iran’s Islamic Revolutionary Guard Corps firing more than 70 missiles in September into Iraq’s Kurdish region, where the US still has troops stationed. In addition, a United Nations-brokered truce between Yemen’s government backed by the Saudis and the Iran-backed Shiite Houthi rebel militia has expired.
IMPACT: XAUUSD + $75-120 price movement in 24/48 hours.
Piyush Lalsingh Ratnu
North Korea Fires 10 Missiles in Biggest-Ever Daily Barrage
North Korea fired at least 10 ballistic missiles Wednesday including one that was the first to fly over a nautical border with South Korea, in its biggest daily barrage under leader Kim Jong Un.
The launches came about a day after Pyongyang threatened to take “powerful measures” if the US doesn’t halt military drills with partners including South Korea, in what might be an effort by Kim to lay the groundwork for his first nuclear test in five years.
South Korean President Yoon Suk Yeol called the launch a territorial violation, and his country responded a few hours later by firing three air-to surface missiles into international waters on North Korea’s side of the sea border known as the Northern Limit Line.
South Korea protested the move, which came as it was in a national mourning period over the deaths at the weekend of 156 people killed in a crowd crush at a nightlife district in Seoul. South Korea’s military also raised its alertness level, Yonhap News Agency reported.
Point to be noted: may be a co-incidence, however North Korea had fired missile towards Japan cost last month after ISM PMI data was published, and same was observed this month too. ISM PMI data was published yesterday eve.
North Korea fired at least 10 ballistic missiles Wednesday including one that was the first to fly over a nautical border with South Korea, in its biggest daily barrage under leader Kim Jong Un.
The launches came about a day after Pyongyang threatened to take “powerful measures” if the US doesn’t halt military drills with partners including South Korea, in what might be an effort by Kim to lay the groundwork for his first nuclear test in five years.
South Korean President Yoon Suk Yeol called the launch a territorial violation, and his country responded a few hours later by firing three air-to surface missiles into international waters on North Korea’s side of the sea border known as the Northern Limit Line.
South Korea protested the move, which came as it was in a national mourning period over the deaths at the weekend of 156 people killed in a crowd crush at a nightlife district in Seoul. South Korea’s military also raised its alertness level, Yonhap News Agency reported.
Point to be noted: may be a co-incidence, however North Korea had fired missile towards Japan cost last month after ISM PMI data was published, and same was observed this month too. ISM PMI data was published yesterday eve.
Piyush Lalsingh Ratnu
Gold demand firmer in Q3: Year-to-date gold demand resumes its pre-pandemic pace
Healthy Q3, driven by stronger consumer and central bank buying, helped year-to-date demand recover to pre-COVID norms.
Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs the same period in 2021, returning to pre-pandemic levels.
Jewellery consumption reached a robust 523t, increasing 10% y-o-y despite the deteriorating global economic backdrop. Y-t-d demand is slightly firmer (+2%) at 1,454t.
Investment demand (excluding OTC) for Q3 was 47% lower y-o-y at 124t, reflecting weak sentiment among some investor segments. 36% growth in bar and coin investment (to 351t) was insufficient to offset 227t of ETF outflows. OTC demand contracted significantly during the quarter, echoing weak investor sentiment in ETFs and futures markets.
Central banks continued to accumulate gold, with purchases estimated at a quarterly record of nearly 400t.
An 8% y-o-y fall in technology demand reflected a fall in consumer demand for electronics due to the global economic downturn.
Total gold supply increased marginally (+1% y-o-y) to 1,215t. A sixth consecutive quarter of y-o-y growth in mine production was partly offset by lower levels of recycling.
Why do central banks purchase gold?
Central banks serve a few primary functions, including setting interest rates, regulating monetary policy and controlling the printing and circulation of coins and bills.
However, their most important task is to provide price stability to their national currency while preventing banking system collapse. This is achieved through controlling inflation — although as the present global economic crisis has shown, sometimes the fate of a country’s currency may be difficult for a national bank to control.
This risk is part of the reason central bank gold buying has increased in the last decade.
As the Dutch central bank notes, “A bar of gold always keeps its value. Crisis or not. That gives a safe feeling. The gold holdings of a central bank are therefore a beacon of confidence.”
Since central banks became net buyers of gold a decade ago, the metal's price has increased 88 percent. In 2010, the price of an ounce of gold was US$1,096. At its 2020 peak, gold was selling for US$2,063.
After making the second largest net gold purchase (25 MT) by a central bank in Q1 2020, the Russian central bank suspended new gold purchases. Demand for gold from the Russian bank had been steady since 2006 prior to that point. At the time, weakening oil prices, rising bullion prices and the country’s already robust gold reserves were the likely reasons behind the buying moratorium.
However, the higher gold price didn’t stop India and Turkey’s central banks from growing their gold holdings. In 2020, Turkey made the largest net purchase of gold, acquiring 198 MT, while India added more than 24 MT.
One of the primary reasons (Turkey and India) have been adding gold to their holdings is the weakness in their domestic currencies, which they seek to hedge by purchasing dollar denominated gold.
Having added a net 19.4 metric tons (t) of gold to their reserves in April, central banks added a further 35t in May, with the same banks largely responsible for the main additions during both months—Turkey (13.3t), Uzbekistan (9t), Kazakhstan (6.3t) and India (3.8t). Qatar also added 4.7t of gold to its reserves in May to replenish all of the gold it had sold earlier in the year, the WGC noted, while Germany was the only major country to be a net seller in the month, shedding its gold reserves by 2t.
All this means that 2022 is shaping up to be a year for considerable gold acquisition by many countries worldwide, particularly emerging markets. “Year-to-date, reported buying has been dominated by Turkey (56t), Egypt (44t) and Iraq (34t), and supported by more modest buying from a small number of other banks,” according to WGC’s senior analyst for EMEA (Europe, Middle East, and Africa), Krishan Gopaul. “And while we have seen a larger number of banks reduce their gold holdings so far in 2022, the total volume of sales is below that of purchases.”
As such, recent gold-buying activity extends a multi-year trend of central banks adding to their gold reserves. Last year saw them buy a net 463t, 82 percent more than they acquired in 2020 and the 12th year in a row in which they were net buyers. The WGC reported earlier in the year that central banks hold more than 35,000t of gold, equivalent to around one-fifth of all the gold that has ever been mined, further underlining their insatiable appetite for the yellow metal.
Global central banks hold more than 35,500 metric tons (MT) of gold in their reserves. Most of that supply has been amassed since 2010, when central bankers commenced a gold-buying spree.
Central banks were net sellers of gold before that time, selling roughly 4,426 MT of gold between 2000 and 2009. But for more than a decade now they’ve been net buyers, and in 2022 central bank gold reserves are at their highest level since 1990, according to data provided by the World Gold Council (WGC).
What does this indicate:
GOLD will shoot UP.
Those who can, HOLD GOLD.
Those who lack liquidity, exit positions, before you lose everything, a BIG price movement is awaited: and at the end of the next market cycle: retail traders should enter to make safe profits.
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Healthy Q3, driven by stronger consumer and central bank buying, helped year-to-date demand recover to pre-COVID norms.
Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs the same period in 2021, returning to pre-pandemic levels.
Jewellery consumption reached a robust 523t, increasing 10% y-o-y despite the deteriorating global economic backdrop. Y-t-d demand is slightly firmer (+2%) at 1,454t.
Investment demand (excluding OTC) for Q3 was 47% lower y-o-y at 124t, reflecting weak sentiment among some investor segments. 36% growth in bar and coin investment (to 351t) was insufficient to offset 227t of ETF outflows. OTC demand contracted significantly during the quarter, echoing weak investor sentiment in ETFs and futures markets.
Central banks continued to accumulate gold, with purchases estimated at a quarterly record of nearly 400t.
An 8% y-o-y fall in technology demand reflected a fall in consumer demand for electronics due to the global economic downturn.
Total gold supply increased marginally (+1% y-o-y) to 1,215t. A sixth consecutive quarter of y-o-y growth in mine production was partly offset by lower levels of recycling.
Why do central banks purchase gold?
Central banks serve a few primary functions, including setting interest rates, regulating monetary policy and controlling the printing and circulation of coins and bills.
However, their most important task is to provide price stability to their national currency while preventing banking system collapse. This is achieved through controlling inflation — although as the present global economic crisis has shown, sometimes the fate of a country’s currency may be difficult for a national bank to control.
This risk is part of the reason central bank gold buying has increased in the last decade.
As the Dutch central bank notes, “A bar of gold always keeps its value. Crisis or not. That gives a safe feeling. The gold holdings of a central bank are therefore a beacon of confidence.”
Since central banks became net buyers of gold a decade ago, the metal's price has increased 88 percent. In 2010, the price of an ounce of gold was US$1,096. At its 2020 peak, gold was selling for US$2,063.
After making the second largest net gold purchase (25 MT) by a central bank in Q1 2020, the Russian central bank suspended new gold purchases. Demand for gold from the Russian bank had been steady since 2006 prior to that point. At the time, weakening oil prices, rising bullion prices and the country’s already robust gold reserves were the likely reasons behind the buying moratorium.
However, the higher gold price didn’t stop India and Turkey’s central banks from growing their gold holdings. In 2020, Turkey made the largest net purchase of gold, acquiring 198 MT, while India added more than 24 MT.
One of the primary reasons (Turkey and India) have been adding gold to their holdings is the weakness in their domestic currencies, which they seek to hedge by purchasing dollar denominated gold.
Having added a net 19.4 metric tons (t) of gold to their reserves in April, central banks added a further 35t in May, with the same banks largely responsible for the main additions during both months—Turkey (13.3t), Uzbekistan (9t), Kazakhstan (6.3t) and India (3.8t). Qatar also added 4.7t of gold to its reserves in May to replenish all of the gold it had sold earlier in the year, the WGC noted, while Germany was the only major country to be a net seller in the month, shedding its gold reserves by 2t.
All this means that 2022 is shaping up to be a year for considerable gold acquisition by many countries worldwide, particularly emerging markets. “Year-to-date, reported buying has been dominated by Turkey (56t), Egypt (44t) and Iraq (34t), and supported by more modest buying from a small number of other banks,” according to WGC’s senior analyst for EMEA (Europe, Middle East, and Africa), Krishan Gopaul. “And while we have seen a larger number of banks reduce their gold holdings so far in 2022, the total volume of sales is below that of purchases.”
As such, recent gold-buying activity extends a multi-year trend of central banks adding to their gold reserves. Last year saw them buy a net 463t, 82 percent more than they acquired in 2020 and the 12th year in a row in which they were net buyers. The WGC reported earlier in the year that central banks hold more than 35,000t of gold, equivalent to around one-fifth of all the gold that has ever been mined, further underlining their insatiable appetite for the yellow metal.
Global central banks hold more than 35,500 metric tons (MT) of gold in their reserves. Most of that supply has been amassed since 2010, when central bankers commenced a gold-buying spree.
Central banks were net sellers of gold before that time, selling roughly 4,426 MT of gold between 2000 and 2009. But for more than a decade now they’ve been net buyers, and in 2022 central bank gold reserves are at their highest level since 1990, according to data provided by the World Gold Council (WGC).
What does this indicate:
GOLD will shoot UP.
Those who can, HOLD GOLD.
Those who lack liquidity, exit positions, before you lose everything, a BIG price movement is awaited: and at the end of the next market cycle: retail traders should enter to make safe profits.
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Piyush Lalsingh Ratnu
ECB interest rate
The Governing Council decided to raise the three key ECB interest rates by 75 basis points. Accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 2.00%, 2.25% and 1.50% respectively, with effect from 2 November 2022.
Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)
The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it started raising the key ECB interest rates and, in any case, for as long as necessary to maintain ample liquidity conditions and an appropriate monetary policy stance.
As concerns the PEPP, the Governing Council intends to reinvest the principal payments from maturing securities purchased under the programme until at least the end of 2024. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.
The Governing Council will continue applying flexibility in reinvesting redemptions coming due in the PEPP portfolio, with a view to countering risks to the monetary policy transmission mechanism related to the pandemic.
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
The Governing Council decided to raise the three key ECB interest rates by 75 basis points. Accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 2.00%, 2.25% and 1.50% respectively, with effect from 2 November 2022.
Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)
The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it started raising the key ECB interest rates and, in any case, for as long as necessary to maintain ample liquidity conditions and an appropriate monetary policy stance.
As concerns the PEPP, the Governing Council intends to reinvest the principal payments from maturing securities purchased under the programme until at least the end of 2024. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.
The Governing Council will continue applying flexibility in reinvesting redemptions coming due in the PEPP portfolio, with a view to countering risks to the monetary policy transmission mechanism related to the pandemic.
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Piyush Lalsingh Ratnu
TLTRO
The targeted longer-term refinancing operations (TLTROs) are Eurosystem operations that provide financing to credit institutions. By offering banks long-term funding at attractive conditions they preserve favourable borrowing conditions for banks and stimulate bank lending to the real economy.
The TLTROs, therefore, reinforce the ECB’s current accommodative monetary policy stance and strengthen the transmission of monetary policy by further incentivising bank lending to the real economy.
TLTRO III
The third TLTRO programme consists of a series of ten targeted longer-term refinancing operations, each with a maturity of three years, starting in September 2019 at a quarterly frequency. Borrowing rates in these operations can be as low as 50 basis points below the average interest rate on the deposit facility over the period from 24 June 2020 to 23 June 2022, and as low as the average interest rate on the deposit facility calculated over the life of the respective TLTRO III during the rest of the life of the same operation.
The targeted longer-term refinancing operations (TLTROs) are Eurosystem operations that provide financing to credit institutions. By offering banks long-term funding at attractive conditions they preserve favourable borrowing conditions for banks and stimulate bank lending to the real economy.
The TLTROs, therefore, reinforce the ECB’s current accommodative monetary policy stance and strengthen the transmission of monetary policy by further incentivising bank lending to the real economy.
TLTRO III
The third TLTRO programme consists of a series of ten targeted longer-term refinancing operations, each with a maturity of three years, starting in September 2019 at a quarterly frequency. Borrowing rates in these operations can be as low as 50 basis points below the average interest rate on the deposit facility over the period from 24 June 2020 to 23 June 2022, and as low as the average interest rate on the deposit facility calculated over the life of the respective TLTRO III during the rest of the life of the same operation.
Piyush Lalsingh Ratnu
FACT CHECK:
The Bank of Japan dumped an estimated $30 billion worth of its U.S dollar reserves in a frantic attempt to protect the yen from yet more weakness. The move triggered a flash crash in the U.S dollar, while simultaneously igniting an explosive rally across multiple asset classes that trade inversely to the U.S currency including Precious Metals such as Gold and Silver.
However, most of the analysts published the cause of flash crash of 7000 pips in USDJPY a crash due to FED members' shrinking interest rate related statements.
The aggressive move by Japanese authorities wasn't the first and definitely will not be the last.
This is the second time Japanese policymakers have stepped into the market since September to prop up the yen – which has lost almost 30% of its value against the dollar year-to-date because of the widening gap between U.S and Japanese monetary policy.
The yen is the third-largest reserve currency in the world, behind the U.S dollar and the Euro – therefore has enormous potential to move the markets significantly.
Japan isn't the only country that has seen its currency plummet against the dollar this year.
On Tuesday, China's four largest state-owned banks stepped into prop up the yuan, which hit its weakest level since December 2007 – by dumping an undisclosed amount of their dollar reserves.
Once again, this intervention triggered another flash crash in the U.S dollar, while immediately sparking explosive rallies across multiple asset classes that trade inversely to the U.S currency including Gold.
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The Bank of Japan dumped an estimated $30 billion worth of its U.S dollar reserves in a frantic attempt to protect the yen from yet more weakness. The move triggered a flash crash in the U.S dollar, while simultaneously igniting an explosive rally across multiple asset classes that trade inversely to the U.S currency including Precious Metals such as Gold and Silver.
However, most of the analysts published the cause of flash crash of 7000 pips in USDJPY a crash due to FED members' shrinking interest rate related statements.
The aggressive move by Japanese authorities wasn't the first and definitely will not be the last.
This is the second time Japanese policymakers have stepped into the market since September to prop up the yen – which has lost almost 30% of its value against the dollar year-to-date because of the widening gap between U.S and Japanese monetary policy.
The yen is the third-largest reserve currency in the world, behind the U.S dollar and the Euro – therefore has enormous potential to move the markets significantly.
Japan isn't the only country that has seen its currency plummet against the dollar this year.
On Tuesday, China's four largest state-owned banks stepped into prop up the yuan, which hit its weakest level since December 2007 – by dumping an undisclosed amount of their dollar reserves.
Once again, this intervention triggered another flash crash in the U.S dollar, while immediately sparking explosive rallies across multiple asset classes that trade inversely to the U.S currency including Gold.
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Piyush Lalsingh Ratnu
There have been some indications (statements) of late that the pace of rate hikes could slow following the 75 bps step that is anticipated next week. This drove gold up to $1,670. This can be interpreted as a sign that gold will have substantial upside potential just as soon as an end to the aggressive rate increases comes into view. This is not the case as yet, however, which is why most of the price gains were reversed again.
ETF investors sold sizeable holdings again last week. Here too, only signs of an end to the aggressive rate hikes are likely to trigger a shift in sentiment.
Speculative financial investors significantly expanded their net short positions in the last reporting week, i.e. the majority are continuing to bet on a falling gold price.
Gold price is likely to extend its range play between the 21-Daily Moving Average (DMA) at $1,666 and the strong support near $1,615 ahead of the critical events this week.
Moreover, in upcoming future policy meetings, the European Central Bank and the Bank of England are likely to deliver a big rate rise. Another mechanism forcing flows away from the yellow metal. Aside from that, a minor improvement in risk sentiment, as seen by a bullish tone in equities markets, is weighing on the safe-haven gold.
However, rising recession worries may assist to minimize the metal’s losses. Investors are worried about the economic headwinds caused by fast-increasing borrowing prices and the extended Russia-Ukraine conflict. This, along with China’s rigorous COVID policy, has fuelled fears of a more severe global economic crisis. The mixed underlying background necessitates considerable caution before initiating strong negative wagers on gold and preparing for any additional decline. Traders are now looking for some encouragement from the flash US PMI prints.
Gold price is likely to extend its range play between the 21-Daily Moving Average (DMA) at $1,666 and the strong support near $1,616 ahead of the critical events this week.
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ETF investors sold sizeable holdings again last week. Here too, only signs of an end to the aggressive rate hikes are likely to trigger a shift in sentiment.
Speculative financial investors significantly expanded their net short positions in the last reporting week, i.e. the majority are continuing to bet on a falling gold price.
Gold price is likely to extend its range play between the 21-Daily Moving Average (DMA) at $1,666 and the strong support near $1,615 ahead of the critical events this week.
Moreover, in upcoming future policy meetings, the European Central Bank and the Bank of England are likely to deliver a big rate rise. Another mechanism forcing flows away from the yellow metal. Aside from that, a minor improvement in risk sentiment, as seen by a bullish tone in equities markets, is weighing on the safe-haven gold.
However, rising recession worries may assist to minimize the metal’s losses. Investors are worried about the economic headwinds caused by fast-increasing borrowing prices and the extended Russia-Ukraine conflict. This, along with China’s rigorous COVID policy, has fuelled fears of a more severe global economic crisis. The mixed underlying background necessitates considerable caution before initiating strong negative wagers on gold and preparing for any additional decline. Traders are now looking for some encouragement from the flash US PMI prints.
Gold price is likely to extend its range play between the 21-Daily Moving Average (DMA) at $1,666 and the strong support near $1,616 ahead of the critical events this week.
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Piyush Lalsingh Ratnu
Read more at: https://t.me/PR4xAnalysis/1490
One should avoid baseless entries to escape huge drawdown.
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One should avoid baseless entries to escape huge drawdown.
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Piyush Lalsingh Ratnu
Are banks preparing a SELL OFF in GOLD?
Next Projected Targets in case of sell off: $1575-1555-1444
Fear and greed work in the same way, and when people try to forecast the future by looking at previous price patterns (very few people look at the big picture; most just focus on the last year or so), they ultimately follow a similar emotional process. This leads them to repeat their past behaviors and, as a result, the price patterns continue to be similar.
Actually, the situation regarding monetary policy now supports even a more profound slide than it did back in 2013. Still, due to geopolitics, the decline could be “only” similar to what we saw back then.
There’s very strong support just a bit below $1575/1555/1444, and the decline to this level (approximately) would be in tune with the size of the 2011-2013 decline.
There’s a good chance we’ll have some sort of correction in the meantime, and one of them might be tradable. The rebound from the 2020 lows seems quite likely.
I will wait for right price zone to enter.
One should avoid baseless entries to escape huge drawdown.
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Next Projected Targets in case of sell off: $1575-1555-1444
Fear and greed work in the same way, and when people try to forecast the future by looking at previous price patterns (very few people look at the big picture; most just focus on the last year or so), they ultimately follow a similar emotional process. This leads them to repeat their past behaviors and, as a result, the price patterns continue to be similar.
Actually, the situation regarding monetary policy now supports even a more profound slide than it did back in 2013. Still, due to geopolitics, the decline could be “only” similar to what we saw back then.
There’s very strong support just a bit below $1575/1555/1444, and the decline to this level (approximately) would be in tune with the size of the 2011-2013 decline.
There’s a good chance we’ll have some sort of correction in the meantime, and one of them might be tradable. The rebound from the 2020 lows seems quite likely.
I will wait for right price zone to enter.
One should avoid baseless entries to escape huge drawdown.
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
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Piyush Lalsingh Ratnu
03.10.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
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Piyush Lalsingh Ratnu
ALWAYS: BUY the LOWS, SELL the HIGHS, Always!
First, INFLATION was driving the market policies and tightening was the only possible way out: as announced by the major Banks and heads of various countries.
Now, in current era of rising interest rates + rising inflation + spending + PCE + PMI + GDP: what can the be the only solution left: QE!!
Quantitative Easing will avert a full blown global financial meltdown. BE READY for a high volatility based price movement of $150 in next 15 days.
In one of the most major U-turns in monetary policy, ever seen in history – The Bank of England went into full financial crisis mode this week, rushing out an announcement that the central bank was restarting its money-printing presses at “whatever scale is necessary” – officially confirming that “QE To Infinity And Beyond” was back!
The UK bank’s extraordinary new round of quantitative easing will involve suspended a program to sell gilts – part of an effort to get rapidly surging inflation under control – and instead revert to buying long-dated bonds at a whopping rate of up to 5 billion pounds ($5.31 billion) a day.
Economists have warned that the injection of billions of pounds of newly minted money into the economy could fuel even greater inflation. “This move will be inflationary at a time of already sky-high inflation”, which Goldman Sachs predicts will hit 23% by next year.
Central bank interventions of this scale have not been seen since the Wall Street Crash in 1929, the Black Monday stock market collapse in 1987, the Global Financial Crisis in 2008 and more recently, the 2020 Pandemic.
The Bank of England’s actions represent the first big intervention from a G10 central bank in this monetary cycle to avert a global financial crisis – And it may not be the last!
It serves as a reminder to policymakers around the world that any perceptions by the market of a policy error will be heavily punished. With the Federal Reserve and European Central Bank hiking aggressively into a weakening economy – the big question is who will be next to turn on their money printing machines?
Only time will tell, however, the one thing we do know is that extraordinary times create extraordinary opportunities and right now as traders, we are living in some of the most rewarding times ever in history.
Following The Bank of England’s announcement a long-list of metals from Aluminium, Copper, Palladium, Platinum, Gold, Silver, Lithium, Uranium and Zinc prices surged to multi-month highs – registering their biggest one-day moves this year.
The bullish momentum also split over into other commodities with energies to soft commodities notching up impressive double digit gains – And this could just be the beginning!
Throughout this month's reports we routinely highlighted that the commodity markets we’re on the verge of a massive breakout – presenting savvy traders with the ultimate opportunity to buy in at the lows.
Buying at 1616/1626 zone gave us handsome profits, followed by selling above $1636/1666 zone. CMP 1663
Those who followed our trading plan, am sure made handsome profits, in addition to safeguarding the principle amount during the sell off pressures, aggressive BOE policy and Yen intervention during this month.
Crash:
1735-1717-1685-1666-1636-1616
Rise:
1616-1636-1666-1680
The above zones and levels were well highlighted and projected by me in my trading scenario published on 02.09.2022, which can be checked here: https://bit.ly/02092022NFPXAUUSD
Once again, the market cycles, price zones and opportunities we identified has played out exactly as predicted!
First, INFLATION was driving the market policies and tightening was the only possible way out: as announced by the major Banks and heads of various countries.
Now, in current era of rising interest rates + rising inflation + spending + PCE + PMI + GDP: what can the be the only solution left: QE!!
Quantitative Easing will avert a full blown global financial meltdown. BE READY for a high volatility based price movement of $150 in next 15 days.
In one of the most major U-turns in monetary policy, ever seen in history – The Bank of England went into full financial crisis mode this week, rushing out an announcement that the central bank was restarting its money-printing presses at “whatever scale is necessary” – officially confirming that “QE To Infinity And Beyond” was back!
The UK bank’s extraordinary new round of quantitative easing will involve suspended a program to sell gilts – part of an effort to get rapidly surging inflation under control – and instead revert to buying long-dated bonds at a whopping rate of up to 5 billion pounds ($5.31 billion) a day.
Economists have warned that the injection of billions of pounds of newly minted money into the economy could fuel even greater inflation. “This move will be inflationary at a time of already sky-high inflation”, which Goldman Sachs predicts will hit 23% by next year.
Central bank interventions of this scale have not been seen since the Wall Street Crash in 1929, the Black Monday stock market collapse in 1987, the Global Financial Crisis in 2008 and more recently, the 2020 Pandemic.
The Bank of England’s actions represent the first big intervention from a G10 central bank in this monetary cycle to avert a global financial crisis – And it may not be the last!
It serves as a reminder to policymakers around the world that any perceptions by the market of a policy error will be heavily punished. With the Federal Reserve and European Central Bank hiking aggressively into a weakening economy – the big question is who will be next to turn on their money printing machines?
Only time will tell, however, the one thing we do know is that extraordinary times create extraordinary opportunities and right now as traders, we are living in some of the most rewarding times ever in history.
Following The Bank of England’s announcement a long-list of metals from Aluminium, Copper, Palladium, Platinum, Gold, Silver, Lithium, Uranium and Zinc prices surged to multi-month highs – registering their biggest one-day moves this year.
The bullish momentum also split over into other commodities with energies to soft commodities notching up impressive double digit gains – And this could just be the beginning!
Throughout this month's reports we routinely highlighted that the commodity markets we’re on the verge of a massive breakout – presenting savvy traders with the ultimate opportunity to buy in at the lows.
Buying at 1616/1626 zone gave us handsome profits, followed by selling above $1636/1666 zone. CMP 1663
Those who followed our trading plan, am sure made handsome profits, in addition to safeguarding the principle amount during the sell off pressures, aggressive BOE policy and Yen intervention during this month.
Crash:
1735-1717-1685-1666-1636-1616
Rise:
1616-1636-1666-1680
The above zones and levels were well highlighted and projected by me in my trading scenario published on 02.09.2022, which can be checked here: https://bit.ly/02092022NFPXAUUSD
Once again, the market cycles, price zones and opportunities we identified has played out exactly as predicted!
Piyush Lalsingh Ratnu
30.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
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Track Daily: Spot Gold: XAUUSD Price Forecast
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Piyush Lalsingh Ratnu
29.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
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Track Daily: Spot Gold: XAUUSD Price Forecast
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Telegram LIVE Trade FEED:
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(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Piyush Lalsingh Ratnu
28.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Piyush Lalsingh Ratnu
27.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysi
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysi
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Piyush Lalsingh Ratnu
26.09.2022 | Co-relation | Why XAUUSD Crashed | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Read more at: https://bit.ly/02092022NFPXAUUSD | Spot Gold Current Market Price: $1625
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Read more at: https://bit.ly/02092022NFPXAUUSD | Spot Gold Current Market Price: $1625
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Piyush Lalsingh Ratnu
23.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysi
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysi
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Piyush Lalsingh Ratnu
22.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram:
https://www.instagram.com/prgoldanalysis
You Tube Channel:
https://bit.ly/PRGOLDYT
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
Track Daily: Spot Gold: XAUUSD Price Forecast
https://bit.ly/DailyGoldPriceForecastbyPR
Telegram LIVE Trade FEED:
https://t.me/PiyushRatnuGoldAnalysis
10 days complimentary.
Annual Package: contact for charges
(Indicators + EAs + Analysis)
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD