Piyush Lalsingh Ratnu / Profil
Piyush Lalsingh Ratnu
- Trader & Analyst in Piyush Ratnu Gold Market Research
- Vereinigte Arabische Emirate
- 296
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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.
Freunde
19
Anfragen
Ausgehend
Piyush Lalsingh Ratnu
Does gold rise when stocks fall?
Gold has historically had a low or even negative correlation to stocks and bonds, helping minimize losses during periods of weakness in the market. In 2022, for example, gold prices ticked slightly higher by 0.4% while the S&P 500 dropped 19.4%.
Does gold go down with stocks?
When and Why Do Gold Prices Plummet?
A strong dollar and rising interest rates can also hurt the price of gold, as can low inflation. When the economy is healthy and growing, stocks and other investments may become more appealing to investors, who may sell their gold holdings, which can lead to a fall in gold prices.
What happens to gold when stocks crash?
The Effect of a Stock Market Collapse on Silver & Gold:
In other words, when one goes up, the other tends to go down. This makes sense when you think about it. Stocks benefit from economic growth and stability while gold benefits from economic distress and crisis. If the stock market falls, fear is usually high, and investors typically seek out the safe haven of gold.
Gold has historically had a low or even negative correlation to stocks and bonds, helping minimize losses during periods of weakness in the market. In 2022, for example, gold prices ticked slightly higher by 0.4% while the S&P 500 dropped 19.4%.
Does gold go down with stocks?
When and Why Do Gold Prices Plummet?
A strong dollar and rising interest rates can also hurt the price of gold, as can low inflation. When the economy is healthy and growing, stocks and other investments may become more appealing to investors, who may sell their gold holdings, which can lead to a fall in gold prices.
What happens to gold when stocks crash?
The Effect of a Stock Market Collapse on Silver & Gold:
In other words, when one goes up, the other tends to go down. This makes sense when you think about it. Stocks benefit from economic growth and stability while gold benefits from economic distress and crisis. If the stock market falls, fear is usually high, and investors typically seek out the safe haven of gold.
Piyush Lalsingh Ratnu
As projected in analysis 02.06.2023:
XAUUSD Bearish Scenario: $1926/1907/1888/1866?
If the bearish momentum continues, Spot Gold price may fall further from MP 02.06.2023 $1975 zone towards $1926/1907 price trap zone with 1947, 1926 and 1907 as next stops, if Gold crash halts at $1947/1926 or $1907/1888 zones a reversal can be expected towards RT 23.6 on M5 and M15 30% RT TF M30/H1 before/in next 9 trading days.
Buying zones projected in June 2023 analysis: 1926/1907/1888/1866/1836.
Accuracy Review Summary: For June 2023 Spot Gold Analysis
XAUUSD crashed post NFP DATA from $1975 till $1924 post NFP on 02 June, 2023, and reversed back to $1966 on 16.06.2023 hence buying at $1926: gave us good results with exit at $25/30 at $1966 zones projected as NAP/ Net exit for BUY entries implemented. In June 2023, XAUUSD struggled at price zones $1926 and $1907 marking it’s low in June at $1892, 29 June 20223 low (1888 zone), buying at $1926, 1907 and 1900 Psychological levels-based price zones gave us neat exits since XAUUSD attempted the high at $1935 on 05.07.2023.
Summary: buying lows: gave us less drawdown and neat exits, if implemented at the price zones mentioned in my analysis dated 02.06.2023. I had projected A pattern in next 10 trading days from 02.06.2023 which was well achieved multiple times on 07.06.2023 as $1938-1969-1938, 07.06.2023-13.06.2023: $1938-1974-1938, 15.06.2023-20.06.2023: $1930-1966-1930, 29.06.2023-06.07.2023: $1907-1935-1907. Current market Price: $1915.
Watch the projected vs witnessed price movement:
https://www.youtube.com/watch?v=TQHtw7gHAHg
XAUUSD Bearish Scenario: $1926/1907/1888/1866?
If the bearish momentum continues, Spot Gold price may fall further from MP 02.06.2023 $1975 zone towards $1926/1907 price trap zone with 1947, 1926 and 1907 as next stops, if Gold crash halts at $1947/1926 or $1907/1888 zones a reversal can be expected towards RT 23.6 on M5 and M15 30% RT TF M30/H1 before/in next 9 trading days.
Buying zones projected in June 2023 analysis: 1926/1907/1888/1866/1836.
Accuracy Review Summary: For June 2023 Spot Gold Analysis
XAUUSD crashed post NFP DATA from $1975 till $1924 post NFP on 02 June, 2023, and reversed back to $1966 on 16.06.2023 hence buying at $1926: gave us good results with exit at $25/30 at $1966 zones projected as NAP/ Net exit for BUY entries implemented. In June 2023, XAUUSD struggled at price zones $1926 and $1907 marking it’s low in June at $1892, 29 June 20223 low (1888 zone), buying at $1926, 1907 and 1900 Psychological levels-based price zones gave us neat exits since XAUUSD attempted the high at $1935 on 05.07.2023.
Summary: buying lows: gave us less drawdown and neat exits, if implemented at the price zones mentioned in my analysis dated 02.06.2023. I had projected A pattern in next 10 trading days from 02.06.2023 which was well achieved multiple times on 07.06.2023 as $1938-1969-1938, 07.06.2023-13.06.2023: $1938-1974-1938, 15.06.2023-20.06.2023: $1930-1966-1930, 29.06.2023-06.07.2023: $1907-1935-1907. Current market Price: $1915.
Watch the projected vs witnessed price movement:
https://www.youtube.com/watch?v=TQHtw7gHAHg
Piyush Lalsingh Ratnu
15.06.2023 | XAUUSD: H4A100 Achieved | XAUUSD was at same zone on 26 May | XAUUSD Analysis | Daily Price Projection | Spot Gold Analysis by Piyush Ratnu
#forex #XAUUSD #gold #PiyushRatnu #education #analysis #forexeducation
#forex #XAUUSD #gold #PiyushRatnu #education #analysis #forexeducation
Piyush Lalsingh Ratnu
05.06.2023 | Alert: Debt Ceiling Deal | XAUUSD Analysis | Daily Price Projection | Spot Gold Analysis by Piyush Ratnu
#forex #XAUUSD #gold #PiyushRatnu #education #analysis
#forex #XAUUSD #gold #PiyushRatnu #education #analysis
Piyush Lalsingh Ratnu
Do not LOSE your MONEY to SCAMMERS. WE ARE NOT RESPONSIBLE IF YOU DO ANY TRANSACTION WITH ANY PERSON IMPERSONATING AS OUR TEAM MEMBER. WE NEVER ASK FOR BITCOINS, CRYPTO PAYMENTS, WALLET TRANSFER, BANK CARD OTP, BANK ACCOUNT OR TRADING ACCOUNT PASSWORD TO TRADE ON YOUR BEHALF. WE ARE MARKET ANALYSTS, AND WE SOLELY PUBLISH ANALYSIS FOR EDUCATIONAL PURPOSE ONLY. IN CASE SOMEONE APPROACHES YOU IMPERSONATING AS OUR TEAM MEMBER KINDLY TAKE ALL HIS/HER DETAILS, AND SHARE THE SAME AT INFO@PIYUSHRATNU.COM
Piyush Lalsingh Ratnu
Important Announcement. WE ARE NOT RESPONSIBLE IF YOU DO ANY TRANSACTION WITH ANY PERSON IMPERSONATING AS OUR TEAM MEMBER. WE NEVER ASK FOR BITCOINS, CRYPTO PAYMENTS, WALLET TRANSFER, BANK CARD OTP, BANK ACCOUNT OR TRADING ACCOUNT PASSWORD TO TRADE ON YOUR BEHALF. WE ARE MARKET ANALYSTS, AND WE SOLELY PUBLISH ANALYSIS FOR EDUCATIONAL PURPOSE ONLY. IN CASE SOMEONE APPROACHES YOU IMPERSONATING AS OUR TEAM MEMBER KINDLY TAKE ALL HIS/HER DETAILS, AND SHARE THE SAME AT INFO@PIYUSHRATNU.COM
Piyush Lalsingh Ratnu
10.05.2023 | Price Forecast | Spot gold Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
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Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
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Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
09.05.2023 | Price Forecast | Spot gold Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
08.05.2023 | Price Forecast | Spot gold Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
05.05.2023 | Price Forecast | Spot gold Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
04.05.2023 | Price Forecast and Price Projection as alerted yesterday | Spot gold Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
03.05.2023 | Price Forecast | Spot gold Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
I had alerted yesterday that today morning we might experience gap at market opening due to Japanese holiday and lower volumes. A net gap of $50 was observed today: $2034-2084. XAUUSD retraced back to $2045 zone. Check here: https://t.me/PR4xAnalysis/4552
Those who believed in our analysis, am sure are celebrating today two things:
Their account is safe, where in many trades lost their entire principal amount today in today’s morning rally.
They made good profits, as we were able to alert the selling zones in advance before FOMC with targets $2045,2069 and $2090 zones.
Current Market Price: $2045 🆘
Subscribe our Telegram channel to receive the price projections and analysis in advance to stay alert and trade with better accuracy.
Check FOMC Day: Price Projection here:
https://t.me/PR4xAnalysis/4531
Check Selling Zones projected before FOMC here:
https://t.me/PR4xAnalysis/4530
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
Those who believed in our analysis, am sure are celebrating today two things:
Their account is safe, where in many trades lost their entire principal amount today in today’s morning rally.
They made good profits, as we were able to alert the selling zones in advance before FOMC with targets $2045,2069 and $2090 zones.
Current Market Price: $2045 🆘
Subscribe our Telegram channel to receive the price projections and analysis in advance to stay alert and trade with better accuracy.
Check FOMC Day: Price Projection here:
https://t.me/PR4xAnalysis/4531
Check Selling Zones projected before FOMC here:
https://t.me/PR4xAnalysis/4530
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
Piyush Lalsingh Ratnu
02.05.2023 | 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
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
01.05.2023 | 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
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
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Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
28.04.2023 | 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
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
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Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
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Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Piyush Lalsingh Ratnu
https://www.investing.com/economic-calendar/
🆘Check today's important economic data: 🆘
POF
16.30 hours
GDP
IJC
18.00 hours
PHS MoM
21.00
7 year note auction
Tomorrow 03.30
JPY CPI
JPY RS
07.00
BOJ Monetary Policy Statement
09.00
BOJ Press Conference
🆘Check today's important economic data: 🆘
POF
16.30 hours
GDP
IJC
18.00 hours
PHS MoM
21.00
7 year note auction
Tomorrow 03.30
JPY CPI
JPY RS
07.00
BOJ Monetary Policy Statement
09.00
BOJ Press Conference
Piyush Lalsingh Ratnu
Gold price is attempting a tepid rebound while holding below the $2,000 mark early Thursday. Despite the renewed uptick, Gold price continues to remain within this week’s trading range, yo-yo-ing around $2,000, awaiting the high-impact preliminary release of the United States Gross Domestic Product (GDP) for the first quarter.
Banking woes continue to cushion the US Dollar downside while weighing on Federal Reserve rate hike bets.
Gold price could extend the rebound beyond $2,000 if the US Dollar downside gathers steam on a sustained improvement in risk sentiment. US Q1 GDP preliminary figure is seen lower at 2.0% QoQ vs. 2.6% reported in the previous quarter. A weaker-than-expected GDP print will likely rekindle recession risks, boosting the safe-haven US Dollar at the expense of US stocks and Gold price. Although the rush to safety in the US government bonds could smash the US Treasury bond yields across the curve, limiting the downside in the Gold price.
Crucial Stops:
H4.V50 H4V618 | $2019 zone
H4A236 H4A0.0 | $1985, $1970 zone
To check the chart setup: kindly refer H4SRD1SQ
Banking woes continue to cushion the US Dollar downside while weighing on Federal Reserve rate hike bets.
Gold price could extend the rebound beyond $2,000 if the US Dollar downside gathers steam on a sustained improvement in risk sentiment. US Q1 GDP preliminary figure is seen lower at 2.0% QoQ vs. 2.6% reported in the previous quarter. A weaker-than-expected GDP print will likely rekindle recession risks, boosting the safe-haven US Dollar at the expense of US stocks and Gold price. Although the rush to safety in the US government bonds could smash the US Treasury bond yields across the curve, limiting the downside in the Gold price.
Crucial Stops:
H4.V50 H4V618 | $2019 zone
H4A236 H4A0.0 | $1985, $1970 zone
To check the chart setup: kindly refer H4SRD1SQ
Piyush Lalsingh Ratnu
26.04.2023 | 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
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Business Queries:
WhatsApp: https://wa.me/971507196693
Telegram: https://t.me/PRGoldSupport
Email: info@piyushratnu.com
Reddit: https://www.reddit.com/r/prgoldanalysis/
#PiyushRatnu #BullionTrading #Trading #Dubai #Forex #SpotGold #XAUUSD #forexeducation
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