Piyush Lalsingh Ratnu
- Trader & Analyst al Piyush Ratnu Gold Market 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
USDJPY : a crash of 3000 pips observed in 45 minutes
XAUUSD: Impact: expected: $30 completed | $50 expected
RT expected: A pattern M30 H1 in next 7 days.
XAUUSD: Impact: expected: $30 completed | $50 expected
RT expected: A pattern M30 H1 in next 7 days.
Piyush Lalsingh Ratnu
XAUUSD @ H4V618 S5 ahead CMP $2005
Reversal from H1AS5 SR1 H1V50 achieved
Core Selling Zone: H1V618/H1VS2 ahead
⚠️I will Sell HIGHS PG 5 Exit NAP GR Pattern 11 22 33
Reversal from H1AS5 SR1 H1V50 achieved
Core Selling Zone: H1V618/H1VS2 ahead
⚠️I will Sell HIGHS PG 5 Exit NAP GR Pattern 11 22 33
Piyush Lalsingh Ratnu
Gold price is challenging bullish commitments early Wednesday, sitting near the lowest level in three weeks of $1,976. Gold price is taking it easy following a good two-way business seen on the United States (US) Consumer Price Index (CPI) data release, as the focus now shifts toward the US Federal Reserve (Fed) policy announcements for a fresh trading impetus.
Despite a pause in the recent sell-off, Gold price appears vulnerable in Wednesday’s trading so far. Investors refrain from placing any fresh bets on the bright metal ahead of key event risk of this week, the Fed interest rate decision and policy outlook, especially after the US CPI inflation report revived bets for the Fed maintaining interest rates higher for longer.
In an initial reaction to the US CPI data release, the US Dollar extended its intraday decline but quickly regained footing alongside the US Treasury bond yields after investors digested the data and its potential implications ahead of Wednesday’s Fed decision. Gold price dropped below $1,980, having briefly spiked to $1,997 in a knee-jerk reaction to the US CPI report.
Looking ahead, all eyes stay focused on the upcoming Fed decision, with the US central bank widely expected to hold rates at 5.25%-5.50%. However, comments from Fed Chair Jerome Powell and the so-called Dot Plot chart are likely to hold the key, as they could shed more light on the Fed's monetary policy outlook amid expectations of rate cuts in the first half of 2024. Markets are currently pricing about 43% odds of a March Fed rate cut while for May, the probability stands at about 75%.
Should Powell and his colleagues dismiss expectations of a Fed rate cut in the first quarter of 2024, acknowledging elevated inflation level and still tight labor market conditions, the non-interest-bearing Gold price is likely to see a renewed sell-off, as the US Dollar demand returns. In contrast, Gold price could stage a solid recovery if the Fed’s projections affirm aggressive rate-cut expectations and smash the Greenback across the board.
In the meantime, the risk-averse market environment in the lead-up to the Fed event will keep the US Dollar underpinned, checking the upside attempts in Gold price.
Despite a pause in the recent sell-off, Gold price appears vulnerable in Wednesday’s trading so far. Investors refrain from placing any fresh bets on the bright metal ahead of key event risk of this week, the Fed interest rate decision and policy outlook, especially after the US CPI inflation report revived bets for the Fed maintaining interest rates higher for longer.
In an initial reaction to the US CPI data release, the US Dollar extended its intraday decline but quickly regained footing alongside the US Treasury bond yields after investors digested the data and its potential implications ahead of Wednesday’s Fed decision. Gold price dropped below $1,980, having briefly spiked to $1,997 in a knee-jerk reaction to the US CPI report.
Looking ahead, all eyes stay focused on the upcoming Fed decision, with the US central bank widely expected to hold rates at 5.25%-5.50%. However, comments from Fed Chair Jerome Powell and the so-called Dot Plot chart are likely to hold the key, as they could shed more light on the Fed's monetary policy outlook amid expectations of rate cuts in the first half of 2024. Markets are currently pricing about 43% odds of a March Fed rate cut while for May, the probability stands at about 75%.
Should Powell and his colleagues dismiss expectations of a Fed rate cut in the first quarter of 2024, acknowledging elevated inflation level and still tight labor market conditions, the non-interest-bearing Gold price is likely to see a renewed sell-off, as the US Dollar demand returns. In contrast, Gold price could stage a solid recovery if the Fed’s projections affirm aggressive rate-cut expectations and smash the Greenback across the board.
In the meantime, the risk-averse market environment in the lead-up to the Fed event will keep the US Dollar underpinned, checking the upside attempts in Gold price.
Piyush Lalsingh Ratnu
Gold loses momentum
Gold is practically flat with investors awaiting the outcome of the Federal Reserve’s meeting for more clues on the bank’s monetary policy outlook.
US Producer Prices remained flat in November, and grew at a 0.9% pace year-on-year, falling short of market expectations of 0.2% and 0.9% increases respectively. This has triggered a moderate negative impact on the USD.
Tuesday’s data showed an unexpected increase in US consumer inflation in November, which has cooled expectations of a Fed pivot in the first quarter of 2024.
US Consumer Price Index (CPI) edged up 0.1% in November, against market expectations of a flat performance, while year-on-year the CPI eased to 3.1% from 3.2% in October.
The core CPI inflation, which excludes volatile food and energy prices, met expectations and remained steady at 4.0% year-on-year.
November’s inflation, coupled with the strong employment seen on Friday, reveals that the Fed faces a serious challenge to bring the CPI down to the 2% target.
In this scenario, investors are holding their breath ahead of the Federal Reserve’s monetary policy decision, due later on Wednesday.
The Fed is widely expected to leave its benchmark rate at the current 5.25 -5.5% band. The main attraction of the event will be the interest-rate projections and Chairman Powell’s comments at the press conference.
In China, a meeting of top leaders has failed to deliver any significant economic stimulus measures, which has disappointed investors, dampening the market mood.
🟢Crucial Price Zones:
C: $1966/1955/1947 BZ | ⚠️ Exit NAP
R: $1996/2009/2019 SZ | ⚠️ Exit NAP
Gold is practically flat with investors awaiting the outcome of the Federal Reserve’s meeting for more clues on the bank’s monetary policy outlook.
US Producer Prices remained flat in November, and grew at a 0.9% pace year-on-year, falling short of market expectations of 0.2% and 0.9% increases respectively. This has triggered a moderate negative impact on the USD.
Tuesday’s data showed an unexpected increase in US consumer inflation in November, which has cooled expectations of a Fed pivot in the first quarter of 2024.
US Consumer Price Index (CPI) edged up 0.1% in November, against market expectations of a flat performance, while year-on-year the CPI eased to 3.1% from 3.2% in October.
The core CPI inflation, which excludes volatile food and energy prices, met expectations and remained steady at 4.0% year-on-year.
November’s inflation, coupled with the strong employment seen on Friday, reveals that the Fed faces a serious challenge to bring the CPI down to the 2% target.
In this scenario, investors are holding their breath ahead of the Federal Reserve’s monetary policy decision, due later on Wednesday.
The Fed is widely expected to leave its benchmark rate at the current 5.25 -5.5% band. The main attraction of the event will be the interest-rate projections and Chairman Powell’s comments at the press conference.
In China, a meeting of top leaders has failed to deliver any significant economic stimulus measures, which has disappointed investors, dampening the market mood.
🟢Crucial Price Zones:
C: $1966/1955/1947 BZ | ⚠️ Exit NAP
R: $1996/2009/2019 SZ | ⚠️ Exit NAP
Piyush Lalsingh Ratnu
12.12.2023 | XAUUSD : Price Forecast | XAUUSD Analysis | Daily Price Projection | Spot Gold Analysis by Piyush Ratnu
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Subscribe to our Telegram channel to receive live analysis without delay
Piyush Lalsingh Ratnu
🆘XAUUSD @M15VS2 M30VS1 H1VS5
17:30 USD Core CPI (MoM) (Nov) 0.3% 0.3% 0.2%
17:30 USD Core CPI (YoY) (Nov) 4.0% 4.0% 4.0%
17:30 USD Core CPI Index (Nov) 312.25 311.37
17:30 USD CPI (MoM) (Nov) 0.1% 0.0% 0.0%
17:30 USD CPI (YoY) (Nov) 3.1% 3.1% 3.2%
17:30 USD CPI Index, n.s.a. (Nov) 307.05 306.90 307.67
Impact of NEWS:
USD -
XAUUSD+
I will sell HIGHS: XAUUSD at R2
I will buy LOWs: USDJPY at S1
17:30 USD Core CPI (MoM) (Nov) 0.3% 0.3% 0.2%
17:30 USD Core CPI (YoY) (Nov) 4.0% 4.0% 4.0%
17:30 USD Core CPI Index (Nov) 312.25 311.37
17:30 USD CPI (MoM) (Nov) 0.1% 0.0% 0.0%
17:30 USD CPI (YoY) (Nov) 3.1% 3.1% 3.2%
17:30 USD CPI Index, n.s.a. (Nov) 307.05 306.90 307.67
Impact of NEWS:
USD -
XAUUSD+
I will sell HIGHS: XAUUSD at R2
I will buy LOWs: USDJPY at S1
Piyush Lalsingh Ratnu
11.12.2023 | XAUUSD : Price Forecast | 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
$1985 price target achieved, as projected at $2023/2048/2069/2121 price range on and after 28.11.2023.
Today's low: $1985 | Crash observed in last 11 days: $2145-1985
#PiyushRatnu #SpotGold #analysis #forex #XAUUSD
Today's low: $1985 | Crash observed in last 11 days: $2145-1985
#PiyushRatnu #SpotGold #analysis #forex #XAUUSD
Piyush Lalsingh Ratnu
As projected on 28.11.2023:
XAUUSD price crashed back to $1985 zone before 12.12.2023, marking this year's high at $2145.
XAUUSD price crashed back to $1985 zone before 12.12.2023, marking this year's high at $2145.
Piyush Lalsingh Ratnu
08.12.2023 | XAUUSD: Daily Price Forecast | 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
Buying at and below $2009 gave us good exit: CMP $2009
RT from $2003 - 2009 achieved
RT from $2003 - 2009 achieved
Piyush Lalsingh Ratnu
As projected: A pattern achieved | M15 M30 H1
Buying below A pattern zone: gave us neat exit.
RT observed:
2014-2024: 1000 pips | EXIT BUY Positions.
Buying below A pattern zone: gave us neat exit.
RT observed:
2014-2024: 1000 pips | EXIT BUY Positions.
Piyush Lalsingh Ratnu
07.12.2023 | XAUUSD: Daily Price Forecast | 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
✔️R2: $2040 zone achieved | Sell Positions in NAP.
🆘Exit SELL Positions.
✔️Net Profitable Pips: 900+
🟢CMP $2031
🆘Exit SELL Positions.
✔️Net Profitable Pips: 900+
🟢CMP $2031
Piyush Lalsingh Ratnu
🆘 ALERT:
Asian equities attracted substantial foreign investment in November, signalling the prospects of continued inflows next year, bolstered by a decrease in U.S. Treasury yields and rising optimism for potential Federal Reserve rate cuts.
According to data from stock exchanges across Taiwan, South Korea, India, Indonesia, the Philippines, Thailand, and Vietnam, foreign investors bought a net $11.16 billion in stocks last month, the most since May.
The inflows were underpinned by cooler-than-expected U.S. October inflation data and dovish comments from Federal Reserve officials, which led to sharp declines in both U.S. Treasury yields and the dollar last month.
In the last month, Taiwanese stocks attracted foreign inflows of $7.58 billion, the highest since at least 2008. South Korean shares attracted $3.26 billion, while Indian equities received net inflows of $1.08 billion.
Over the medium term, Asia's strong fundamentals and growth prospects mean the region is well-placed to attract large capital inflows.
🟢Impact: -USD DXY +US F + XAUSD XAGUSD
🆘 Expected Date:
First week of January or Quadruple witching (Dec/Jan)
Why is it called witching day?
Witching days refer to sessions when multiple options and futures contracts expire simultaneously. Normally, options expire on the third Friday of each month. Witching sessions occur only four times a year, on the third Fridays of March, June, September and December.
What is the witching hour in trading?
The witching hour is the last hour of trading on the third Friday of each month when options and futures on stocks and stock indexes expire. This period is often characterized by heavy volumes as traders close out options and futures contracts before expiry.
Asian equities attracted substantial foreign investment in November, signalling the prospects of continued inflows next year, bolstered by a decrease in U.S. Treasury yields and rising optimism for potential Federal Reserve rate cuts.
According to data from stock exchanges across Taiwan, South Korea, India, Indonesia, the Philippines, Thailand, and Vietnam, foreign investors bought a net $11.16 billion in stocks last month, the most since May.
The inflows were underpinned by cooler-than-expected U.S. October inflation data and dovish comments from Federal Reserve officials, which led to sharp declines in both U.S. Treasury yields and the dollar last month.
In the last month, Taiwanese stocks attracted foreign inflows of $7.58 billion, the highest since at least 2008. South Korean shares attracted $3.26 billion, while Indian equities received net inflows of $1.08 billion.
Over the medium term, Asia's strong fundamentals and growth prospects mean the region is well-placed to attract large capital inflows.
🟢Impact: -USD DXY +US F + XAUSD XAGUSD
🆘 Expected Date:
First week of January or Quadruple witching (Dec/Jan)
Why is it called witching day?
Witching days refer to sessions when multiple options and futures contracts expire simultaneously. Normally, options expire on the third Friday of each month. Witching sessions occur only four times a year, on the third Fridays of March, June, September and December.
What is the witching hour in trading?
The witching hour is the last hour of trading on the third Friday of each month when options and futures on stocks and stock indexes expire. This period is often characterized by heavy volumes as traders close out options and futures contracts before expiry.
Piyush Lalsingh Ratnu
The Japanese Yen (JPY) catches aggressive bids on Thursday and advances to over a three-month top against the US Dollar (USD) in the wake of firming expectations for an imminent shift in the Bank of Japan's (BoJ) policy stance. BoJ Governor Kazuo Ueda met Japanese Prime Minister Fumio Kishida and said that his explanation of monetary policy included the wage hike outlook. This, in turn, fueled speculations that a second consecutive year of significant wage hikes will offer an opportunity for the BoJ to consider stepping away from a decade-long monetary stimulus.
JPY Price Movers: (ref. FxS)
Japanese Yen strengthens across the board amid bets for a hawkish BoJ pivot
• Signs that a tight US job market is loosening raise concerns about an economic slowdown and weigh on investors' sentiment, benefitting the safe-haven Japanese Yen.
• The US Labor Department reported Tuesday that job openings declined by 617K to 8.73 million in October, or their lowest level in two-and-a-half-years.
• The ADP report showed that US private-sector employers added just 103K jobs in November, down from the previous month's downwardly revised 106K.
• The readings reaffirmed market expectations about an imminent shift in the Federal Reserve's policy stance and bets for a 25 basis points rate cut at the March policy meeting.
• The slew of key US jobs data will continue on Thursday and Friday with the release of Weekly Initial Jobless Claims and the key Nonfarm Payrolls, respectively.
• Israeli forces stormed southern Gaza's main city on Tuesday in the most intense day of combat of ground operations against Hamas militants, worsening the humanitarian crisis.
• The mixed Trade Balance data from China showed that imports unexpectedly declined by 0.6% in November, fueling concerns about weak domestic demand amid looming recession risks.
• BoJ Governor Ueda told PMI Kishida that the central bank hopes to che whether wages will rise sustainably, whether wage rises will push up service prices and whether demand will be strong.
• Bank of Japan Governor Kazuo Ueda said this Thursday that accommodative monetary policy and stimulus measures are supporting the Japanese economy.
• Ueda added that his explanation of monetary policy to PM Kishida included the wage hike outlook for next year, reaffirming bets that the central bank will move away from negative interest rates regime.
• Ueda earlier said that they have not yet reached a situation in which they can achieve the price target sustainably and stably and with sufficient certainty.
CMP $145.300 | Net crash today till now: 2000+ pips
JPY Price Movers: (ref. FxS)
Japanese Yen strengthens across the board amid bets for a hawkish BoJ pivot
• Signs that a tight US job market is loosening raise concerns about an economic slowdown and weigh on investors' sentiment, benefitting the safe-haven Japanese Yen.
• The US Labor Department reported Tuesday that job openings declined by 617K to 8.73 million in October, or their lowest level in two-and-a-half-years.
• The ADP report showed that US private-sector employers added just 103K jobs in November, down from the previous month's downwardly revised 106K.
• The readings reaffirmed market expectations about an imminent shift in the Federal Reserve's policy stance and bets for a 25 basis points rate cut at the March policy meeting.
• The slew of key US jobs data will continue on Thursday and Friday with the release of Weekly Initial Jobless Claims and the key Nonfarm Payrolls, respectively.
• Israeli forces stormed southern Gaza's main city on Tuesday in the most intense day of combat of ground operations against Hamas militants, worsening the humanitarian crisis.
• The mixed Trade Balance data from China showed that imports unexpectedly declined by 0.6% in November, fueling concerns about weak domestic demand amid looming recession risks.
• BoJ Governor Ueda told PMI Kishida that the central bank hopes to che whether wages will rise sustainably, whether wage rises will push up service prices and whether demand will be strong.
• Bank of Japan Governor Kazuo Ueda said this Thursday that accommodative monetary policy and stimulus measures are supporting the Japanese economy.
• Ueda added that his explanation of monetary policy to PM Kishida included the wage hike outlook for next year, reaffirming bets that the central bank will move away from negative interest rates regime.
• Ueda earlier said that they have not yet reached a situation in which they can achieve the price target sustainably and stably and with sufficient certainty.
CMP $145.300 | Net crash today till now: 2000+ pips