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
US10YT RT +
USDJPY RT +
DXY RT +
USD S 30
JPY S 75
Ideal scenario:
BUY XAUUSD below S2
USDJPY RT +
DXY RT +
USD S 30
JPY S 75
Ideal scenario:
BUY XAUUSD below S2
Piyush Lalsingh Ratnu
Gold (XAU/USD) reversed back in the $2,626 on Thursday after temporarily correcting back following the release of US inflation and jobs data.
Although the inflation data revealed upside price pressures, the labor market data was weaker than expected, and given the Federal Reserve's prioritisation of safeguarding employment over fighting inflation, suggests a greater chance the bank will maintain a pro-easing stance.
This, in turn, suggests it will go ahead and cut interest rates at its next policy meeting. Lower interest rates are bullish for Gold as they reduce the opportunity cost of holding the non-interest paying asset.
Question worth observation is: rate cut by 25 or 50 bps?
Gold might be underpinned, however, as it continues to attract safe-haven flows amid elevated geopolitical tensions. Israel keeps up its attacks on targets in Lebanon, and markets remain on tenterhooks anticipating a retaliatory attack by Israel on Iran after its ballistic rocket raid last week.
In terms of the latest developments, the White House confirmed Israeli Prime Minister Benjamin Netanyahu spoke with US President Joe Biden on Wednesday, but nothing was mentioned about Israel’s potential retaliation against Iran.
The Biden administration is pressing Israel to limit its retaliation to military targets, according to Bloomberg News and Axios News reported that Netanyahu will convene Israel’s security cabinet today.
Although the inflation data revealed upside price pressures, the labor market data was weaker than expected, and given the Federal Reserve's prioritisation of safeguarding employment over fighting inflation, suggests a greater chance the bank will maintain a pro-easing stance.
This, in turn, suggests it will go ahead and cut interest rates at its next policy meeting. Lower interest rates are bullish for Gold as they reduce the opportunity cost of holding the non-interest paying asset.
Question worth observation is: rate cut by 25 or 50 bps?
Gold might be underpinned, however, as it continues to attract safe-haven flows amid elevated geopolitical tensions. Israel keeps up its attacks on targets in Lebanon, and markets remain on tenterhooks anticipating a retaliatory attack by Israel on Iran after its ballistic rocket raid last week.
In terms of the latest developments, the White House confirmed Israeli Prime Minister Benjamin Netanyahu spoke with US President Joe Biden on Wednesday, but nothing was mentioned about Israel’s potential retaliation against Iran.
The Biden administration is pressing Israel to limit its retaliation to military targets, according to Bloomberg News and Axios News reported that Netanyahu will convene Israel’s security cabinet today.
Piyush Lalsingh Ratnu
#CPI #DOllar #ForexMarket #forextrading #XAUUSD #Gold #Education #Inflation #InterestRate
XAUUSD current status:
Above PPZ R1 H4A382 $2616 zone
XAUUSD Further crash:
(-) H4A50 $2585 H4A618 $2556
XAUUSD Reversal:
(+) H4V236 $2636 H4V0.0 $2685
#PiyushRatnu | t.me/piyushratnuofficial
XAUUSD current status:
Above PPZ R1 H4A382 $2616 zone
XAUUSD Further crash:
(-) H4A50 $2585 H4A618 $2556
XAUUSD Reversal:
(+) H4V236 $2636 H4V0.0 $2685
#PiyushRatnu | t.me/piyushratnuofficial
Piyush Lalsingh Ratnu
The Japanese Yen (JPY) holds ground against the US Dollar (USD) following the Bank of Japan (BoJ) policy decision on Friday, keeping its interest rate at 0.15%, as highly expected. Additionally, Japan's Consumer Price Index (CPI) increased to 3.0% year-on-year in August, up from 2.8% previously, marking the highest level since October 2023. Additionally, the Core National CPI, excluding fresh food, reached a six-month high of 2.8%, rising for the fourth consecutive month and in line with market expectations.
The downside of the USD/JPY pair is supported by a weaker US Dollar (USD) as expectations grow for additional rate cuts by the US Federal Reserve (Fed) by the end of 2024. The latest dot plot projections indicate a gradual easing cycle, with the 2024 median rate revised to 4.375%, down from the 5.125% forecast in June.
#USDJPY #Yen #Dollar #Forex #Trading
The downside of the USD/JPY pair is supported by a weaker US Dollar (USD) as expectations grow for additional rate cuts by the US Federal Reserve (Fed) by the end of 2024. The latest dot plot projections indicate a gradual easing cycle, with the 2024 median rate revised to 4.375%, down from the 5.125% forecast in June.
#USDJPY #Yen #Dollar #Forex #Trading
Piyush Lalsingh Ratnu
#XAUUSD #Gold #Forex #Trading #PiyushRatnu #PRGoldAnalysis #Analysis #FOMC #Fed #InterestRate #LebanonExplosion #Israel #Dollar #Trending #Trump2024 #HarrisForPOTUS #USElection2024
FOMC Day | Fed Interest Day Analysis: Accuracy Check
Piyush Ratnu Gold Market Research: Most Accurate XAUUSD Spot Gold Forex Analysis
https://www.reddit.com/r/prgoldanalysis/comments/1fkkq21/fomc_day_fed_interest_day_analysis_accuracy_check/
FOMC Day | Fed Interest Day Analysis: Accuracy Check
Piyush Ratnu Gold Market Research: Most Accurate XAUUSD Spot Gold Forex Analysis
https://www.reddit.com/r/prgoldanalysis/comments/1fkkq21/fomc_day_fed_interest_day_analysis_accuracy_check/
Piyush Lalsingh Ratnu
Gold price (XAU/USD) retreats a bit from a fresh record high, around the $2,589-2,590 area touched this Monday and trades around the $2,581-2,582 region during the early European session. The intraday pullback could be attributed to some profit-taking amid a generally positive risk tone, which tends to undermine the safe-haven precious metal. Any meaningful downfall, however, seems limited in the wake of expectations for a more aggressive policy easing by the Federal Reserve (Fed).
In fact, the markets started pricing in the possibility of an oversized 50 basis points Fed rate cut move later this week after data released last week provided further evidence that inflation in the US was subsiding. This keeps the US Treasury bond yields and the US Dollar (USD) near the 2024 low, which, in turn, should continue to act as a tailwind for the non-yielding Gold price. Traders might also refrain from placing aggressive bets ahead of the two-day FOMC policy meeting starting on Tuesday.
This will be followed by monetary policy updates from the Bank of England (BoE) and the Bank of Japan (BoJ) on Thursday and Friday, respectively, which could infuse some volatility in the markets and provide a fresh impetus to the Gold price. Nevertheless, the fundamental backdrop seems tilted in favor of bullish traders and suggests that the path of least resistance for the XAU/USD is to the upside. Hence, any meaningful corrective decline might still be seen as a buying opportunity and remain limited.
🟢Gold price rally higher to $2626/2646/2669 on bets for an oversized Fed rate cut, however the rejection of the same might push XAUUSD towards $2525/2485/2442.
🆘Key Factors Impacting XAUUSD/Spot Gold Forex price:
• Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal.
• According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central bank will lower borrowing costs by 50 basis points later this week.
• The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures.
• The yield on the benchmark 10-year US government bond languishes near its lowest level since May 2023, while the US Dollar remains within striking distance of the YTD low touched last month.
• Reports of a second attempted assassination attempt on Republican presidential candidate Donald Trump at his Florida golf club on Sunday further underpin demand for the safe-haven bullion.
• The protracted Russia-Ukraine war, along with rising instability and the risk of a further escalation of tensions in the Middle East, turns out to be another factor lending support to the XAU/USD.
• Bullish traders, however, seem reluctant to place fresh bets and prefer to wait for the outcome of the highly-anticipated FOMC monetary policy meeting on Wednesday before placing fresh bets.
• Investors this week will further take cues from the Bank of England and the Bank of Japan policy meetings, which might infuse volatility in the markets and provide some impetus to the metal.
In fact, the markets started pricing in the possibility of an oversized 50 basis points Fed rate cut move later this week after data released last week provided further evidence that inflation in the US was subsiding. This keeps the US Treasury bond yields and the US Dollar (USD) near the 2024 low, which, in turn, should continue to act as a tailwind for the non-yielding Gold price. Traders might also refrain from placing aggressive bets ahead of the two-day FOMC policy meeting starting on Tuesday.
This will be followed by monetary policy updates from the Bank of England (BoE) and the Bank of Japan (BoJ) on Thursday and Friday, respectively, which could infuse some volatility in the markets and provide a fresh impetus to the Gold price. Nevertheless, the fundamental backdrop seems tilted in favor of bullish traders and suggests that the path of least resistance for the XAU/USD is to the upside. Hence, any meaningful corrective decline might still be seen as a buying opportunity and remain limited.
🟢Gold price rally higher to $2626/2646/2669 on bets for an oversized Fed rate cut, however the rejection of the same might push XAUUSD towards $2525/2485/2442.
🆘Key Factors Impacting XAUUSD/Spot Gold Forex price:
• Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal.
• According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central bank will lower borrowing costs by 50 basis points later this week.
• The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures.
• The yield on the benchmark 10-year US government bond languishes near its lowest level since May 2023, while the US Dollar remains within striking distance of the YTD low touched last month.
• Reports of a second attempted assassination attempt on Republican presidential candidate Donald Trump at his Florida golf club on Sunday further underpin demand for the safe-haven bullion.
• The protracted Russia-Ukraine war, along with rising instability and the risk of a further escalation of tensions in the Middle East, turns out to be another factor lending support to the XAU/USD.
• Bullish traders, however, seem reluctant to place fresh bets and prefer to wait for the outcome of the highly-anticipated FOMC monetary policy meeting on Wednesday before placing fresh bets.
• Investors this week will further take cues from the Bank of England and the Bank of Japan policy meetings, which might infuse volatility in the markets and provide some impetus to the metal.
Piyush Lalsingh Ratnu
The yen hit its highest levels in more than a year on Monday in trading thinned by a holiday in Japan, as market participants increasingly expected an oversized rate cut by the Federal Reserve later this week.
Trading in Asia was slow, with markets in Japan, China and South Korea closed for holidays.
The dollar was down 0.47% at 140.15 yen , falling further from the 140.285 end-December low it struck on Friday to levels last seen in July 2023. It fell 1.3% on the yen last week.
The Fed's Sept. 17-18 meeting is the highlight of a busy week that also has the Bank of England and Bank of Japan announcing policy decisions on Thursday and Friday.
Treasury yields have been falling in the run-up to the highly anticipated meeting, particularly as odds stack up for the Fed to get aggressive with a half-point rate cut.
Benchmark 10-year yields are down 30 basis points in about two weeks. Cash Treasuries were not traded in Asia due to the Japan holiday. Two-year yields , more closely linked to monetary policy expectations were around 3.57% and down from roughly 3.94% two weeks ago.
#Yen #Gold #FOMC #NFP #Trading #Forex #PiyushRatnu
Trading in Asia was slow, with markets in Japan, China and South Korea closed for holidays.
The dollar was down 0.47% at 140.15 yen , falling further from the 140.285 end-December low it struck on Friday to levels last seen in July 2023. It fell 1.3% on the yen last week.
The Fed's Sept. 17-18 meeting is the highlight of a busy week that also has the Bank of England and Bank of Japan announcing policy decisions on Thursday and Friday.
Treasury yields have been falling in the run-up to the highly anticipated meeting, particularly as odds stack up for the Fed to get aggressive with a half-point rate cut.
Benchmark 10-year yields are down 30 basis points in about two weeks. Cash Treasuries were not traded in Asia due to the Japan holiday. Two-year yields , more closely linked to monetary policy expectations were around 3.57% and down from roughly 3.94% two weeks ago.
#Yen #Gold #FOMC #NFP #Trading #Forex #PiyushRatnu
Piyush Lalsingh Ratnu
XAUUSD reversed from $2542: all time high as projected as selling zone in morning at 10.50 am in our analysis.
CMP $2534
CMP $2534
Piyush Lalsingh Ratnu
🆘 Crucial Data this week:
🟢Wednesday, September 11, 2024
10:00 GBP GDP (MoM) (Jul)
16:30 USD Core CPI (MoM) (Aug) 0.2% 0.2%
16:30 USD Core CPI (YoY) (Aug) 3.2%
16:30 USD CPI (MoM) (Aug) 0.2% 0.2%
16:30 USD CPI (YoY) (Aug) 2.6% 2.9%
21:00 USD 10-Year Note Auction 3.960%
🟢Thursday, September 12, 2024
16:15 EUR Deposit Facility Rate (Sep) 3.50% 3.75%
16:15 EUR ECB Marginal Lending Facility 4.50%
16:15 EUR ECB Monetary Policy Statement
16:15 EUR ECB Interest Rate Decision (Sep) 4.00% 4.25%
16:30 USD Continuing Jobless Claims 1,838K
16:30 USD Core PPI (MoM) (Aug) 0.2% 0.0%
16:30 USD Initial Jobless Claims 227K
16:30 USD PPI (MoM) (Aug) 0.2% 0.1%
16:45 EUR ECB Press Conference
20:00 USD WASDE Report
21:00 USD 30-Year Bond Auction 4.314%
22:00 USD Federal Budget Balance (Aug) -244.0B
🟢 Friday, September 13, 2024
08:30 JPY Industrial Production (MoM) (Jul) 2.8% 2.8%
13:00 EUR Industrial Production (MoM) (Jul) 0.2% -0.1%
14:00 EUR Eurogroup Meetings
16:30 USD Export Price Index (MoM) (Aug) 0.7%
16:30 USD Import Price Index (MoM) (Aug) 0.1%
🟢Wednesday, September 11, 2024
10:00 GBP GDP (MoM) (Jul)
16:30 USD Core CPI (MoM) (Aug) 0.2% 0.2%
16:30 USD Core CPI (YoY) (Aug) 3.2%
16:30 USD CPI (MoM) (Aug) 0.2% 0.2%
16:30 USD CPI (YoY) (Aug) 2.6% 2.9%
21:00 USD 10-Year Note Auction 3.960%
🟢Thursday, September 12, 2024
16:15 EUR Deposit Facility Rate (Sep) 3.50% 3.75%
16:15 EUR ECB Marginal Lending Facility 4.50%
16:15 EUR ECB Monetary Policy Statement
16:15 EUR ECB Interest Rate Decision (Sep) 4.00% 4.25%
16:30 USD Continuing Jobless Claims 1,838K
16:30 USD Core PPI (MoM) (Aug) 0.2% 0.0%
16:30 USD Initial Jobless Claims 227K
16:30 USD PPI (MoM) (Aug) 0.2% 0.1%
16:45 EUR ECB Press Conference
20:00 USD WASDE Report
21:00 USD 30-Year Bond Auction 4.314%
22:00 USD Federal Budget Balance (Aug) -244.0B
🟢 Friday, September 13, 2024
08:30 JPY Industrial Production (MoM) (Jul) 2.8% 2.8%
13:00 EUR Industrial Production (MoM) (Jul) 0.2% -0.1%
14:00 EUR Eurogroup Meetings
16:30 USD Export Price Index (MoM) (Aug) 0.7%
16:30 USD Import Price Index (MoM) (Aug) 0.1%
Piyush Lalsingh Ratnu
#XAUUSD #Forex #Gold #Trading #PiyushRatnu #NFP #Dollar #TradingTips #ForexNews #GoldPrice
Piyush Lalsingh Ratnu
🟢What is Non Farm Payrolls Data?
The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile.
The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months' reviews and the Unemployment Rate are as relevant as the headline figure. The market's reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole.
🟢Next release: Fri Sep 06, 2024 16:30
Frequency: Monthly
Consensus: 160K
Previous: 114K
Source: US Bureau of Labor Statistics
🟢Why it matters to traders?
America’s monthly jobs report is considered the most important economic indicator for forex traders. Released on the first Friday following the reported month, the change in the number of positions is closely correlated with the overall performance of the economy and is monitored by policymakers.
🟢Full employment is one of the Federal Reserve’s mandates and it considers developments in the labor market when setting its policies, thus impacting currencies. Despite several leading indicators shaping estimates, Nonfarm Payrolls tend to surprise markets and trigger substantial volatility. Actual figures beating the consensus tend to be USD bullish.
🟢What is the forecast for United States Nonfarm Payrolls?
The consensus for the next United States Nonfarm Payrolls is 160, and the last deviation was -0.97406.
🟢NFP Historical Data:
Date—————-Actual—— Dev——- Cons
08/02/2024 (Jul) 114 -0.97 175
07/05/2024 (Jun) 179 0.20 190
06/07/2024 (May) 216 1.10 185
05/03/2024 (Apr) 108 -1.28 243
04/05/2024 (Mar) 310 1.52 200
03/08/2024 (Feb) 236 0.92 200
02/02/2024 (Jan) 256 2.63 180
01/05/2024 (Dec) 290 0.66 170
🟢NFP Data today:
16:30 Payrolls (Aug)
Actual Forecast Previous
——— 164K 114K
The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile.
The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months' reviews and the Unemployment Rate are as relevant as the headline figure. The market's reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole.
🟢Next release: Fri Sep 06, 2024 16:30
Frequency: Monthly
Consensus: 160K
Previous: 114K
Source: US Bureau of Labor Statistics
🟢Why it matters to traders?
America’s monthly jobs report is considered the most important economic indicator for forex traders. Released on the first Friday following the reported month, the change in the number of positions is closely correlated with the overall performance of the economy and is monitored by policymakers.
🟢Full employment is one of the Federal Reserve’s mandates and it considers developments in the labor market when setting its policies, thus impacting currencies. Despite several leading indicators shaping estimates, Nonfarm Payrolls tend to surprise markets and trigger substantial volatility. Actual figures beating the consensus tend to be USD bullish.
🟢What is the forecast for United States Nonfarm Payrolls?
The consensus for the next United States Nonfarm Payrolls is 160, and the last deviation was -0.97406.
🟢NFP Historical Data:
Date—————-Actual—— Dev——- Cons
08/02/2024 (Jul) 114 -0.97 175
07/05/2024 (Jun) 179 0.20 190
06/07/2024 (May) 216 1.10 185
05/03/2024 (Apr) 108 -1.28 243
04/05/2024 (Mar) 310 1.52 200
03/08/2024 (Feb) 236 0.92 200
02/02/2024 (Jan) 256 2.63 180
01/05/2024 (Dec) 290 0.66 170
🟢NFP Data today:
16:30 Payrolls (Aug)
Actual Forecast Previous
——— 164K 114K
Piyush Lalsingh Ratnu
*Trade with Confidence with Piyush Ratnu Gold Market Research*
Subscribe one of the most accurate analysis in the industry: Spot Gold Analysis by Piyush Ratnu powered by 90+ technical and fundamental parameters with a verified and audited track record.
Current Trading Profit Status: 109%
Highest Drawdown Faced YTD: 8%
Highest profit booked: 42%
Highest loss booked: 5%
Core Focus: #XAUUSD | Spot #Gold
Platform: MT4 MT5
Trading Mode: Manual + Algorithm | Automated: both available
Auto-Copy Trading: Available | Plug and Play Solution
Live Trading Feed Available | Real Time Analysis Available
Verify Trading Performance at: https://bit.ly/PRinvestizo
#PiyushRatnu #PRDxB #PRGoldAnalysis #Gold #XAUUSD #Forex
Connect for an appointment at t.me/PiyushRatnuofficial
Subscribe one of the most accurate analysis in the industry: Spot Gold Analysis by Piyush Ratnu powered by 90+ technical and fundamental parameters with a verified and audited track record.
Current Trading Profit Status: 109%
Highest Drawdown Faced YTD: 8%
Highest profit booked: 42%
Highest loss booked: 5%
Core Focus: #XAUUSD | Spot #Gold
Platform: MT4 MT5
Trading Mode: Manual + Algorithm | Automated: both available
Auto-Copy Trading: Available | Plug and Play Solution
Live Trading Feed Available | Real Time Analysis Available
Verify Trading Performance at: https://bit.ly/PRinvestizo
#PiyushRatnu #PRDxB #PRGoldAnalysis #Gold #XAUUSD #Forex
Connect for an appointment at t.me/PiyushRatnuofficial
Piyush Lalsingh Ratnu
XAUUSD above R1 CMP $2518
DXY-
US10YT+
USDJPY+
XAUXAG 85.40
USD S 24
JPY S 13
🟢 Key Economic Events today:
16:30 USD Core PCE Prices (Q2) 2.90% 3.70%
16:30 USD GDP (QoQ) (Q2) 2.8% 1.4%
16:30 USD GDP Price Index (QoQ) (Q2) 2.3% 3.1%
16:30 USD Goods Trade Balance (Jul) -97.70B -96.56B
16:30 USD Initial Jobless Claims 232K 232K
#XAUUSD #Gold #Forex #PiyushRatnu
DXY-
US10YT+
USDJPY+
XAUXAG 85.40
USD S 24
JPY S 13
🟢 Key Economic Events today:
16:30 USD Core PCE Prices (Q2) 2.90% 3.70%
16:30 USD GDP (QoQ) (Q2) 2.8% 1.4%
16:30 USD GDP Price Index (QoQ) (Q2) 2.3% 3.1%
16:30 USD Goods Trade Balance (Jul) -97.70B -96.56B
16:30 USD Initial Jobless Claims 232K 232K
#XAUUSD #Gold #Forex #PiyushRatnu
Piyush Lalsingh Ratnu
#XAUUSD #Gold #Forex #PiyushRatnu
Key Economic Data tomorrow:
16:30 USD Continuing Jobless Claims 1,870K 1,863K
16:30 USD Core PCE Prices (Q2) 2.90% 3.70%
16:30 USD GDP (QoQ) (Q2) 2.8% 1.4%
16:30 USD GDP Price Index (QoQ) (Q2) 2.3% 3.1%
16:30 USD Goods Trade Balance (Jul) -97.70B -96.56B
16:30 USD Initial Jobless Claims 232K 232K
16:30 USD Retail Inventories Ex Auto (Jul) 0.2%
18:00 USD Pending Home Sales (MoM) (Jul) 0.2% 4.8%
21:00 USD 7-Year Note Auction 4.162%
23:30 USD FOMC Member Bostic Speaks
Key Economic Data tomorrow:
16:30 USD Continuing Jobless Claims 1,870K 1,863K
16:30 USD Core PCE Prices (Q2) 2.90% 3.70%
16:30 USD GDP (QoQ) (Q2) 2.8% 1.4%
16:30 USD GDP Price Index (QoQ) (Q2) 2.3% 3.1%
16:30 USD Goods Trade Balance (Jul) -97.70B -96.56B
16:30 USD Initial Jobless Claims 232K 232K
16:30 USD Retail Inventories Ex Auto (Jul) 0.2%
18:00 USD Pending Home Sales (MoM) (Jul) 0.2% 4.8%
21:00 USD 7-Year Note Auction 4.162%
23:30 USD FOMC Member Bostic Speaks
Piyush Lalsingh Ratnu
#XAUUSD #Gold #Forex #trading
🟢 Key Events Impacting XAUUSD Price:
🔘 Jackson Hole Speech: 🔺 XAUUSD
US Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole symposium last week, signalling 📌 “time has come” to begin lowering interest rates, might support the precious metal as it reduces the opportunity cost of holding non-interest-paying assets.
🔘 Geo-political tensions: 🔺 XAUUSD
Thousands of troops from special units mobilized for a large-scale operation in the northern West Bank, which is anticipated to take several weeks. The report said the army has conducted the largest military operation in the West Bank since 2002, and the operation will continue for several days.
🔘 GOLD ETF Holdings: 🔺 XAUUSD
“The prospect of falling interest rates is also attracting investors. According to Bloomberg, Gold ETF holdings rose by 15 tonnes last week to the highest level in six months. Speculative interest is particularly strong. The net long position of speculative investors rose to around 193,000 contracts in the week to August 20th, at the same time as Gold hit an all-time high, its highest level in almost four and a half years,” noted Commerzbank’s commodity strategist Carsten Fritsch.
🟢 Key Events Impacting XAUUSD Price:
🔘 Jackson Hole Speech: 🔺 XAUUSD
US Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole symposium last week, signalling 📌 “time has come” to begin lowering interest rates, might support the precious metal as it reduces the opportunity cost of holding non-interest-paying assets.
🔘 Geo-political tensions: 🔺 XAUUSD
Thousands of troops from special units mobilized for a large-scale operation in the northern West Bank, which is anticipated to take several weeks. The report said the army has conducted the largest military operation in the West Bank since 2002, and the operation will continue for several days.
🔘 GOLD ETF Holdings: 🔺 XAUUSD
“The prospect of falling interest rates is also attracting investors. According to Bloomberg, Gold ETF holdings rose by 15 tonnes last week to the highest level in six months. Speculative interest is particularly strong. The net long position of speculative investors rose to around 193,000 contracts in the week to August 20th, at the same time as Gold hit an all-time high, its highest level in almost four and a half years,” noted Commerzbank’s commodity strategist Carsten Fritsch.
Piyush Lalsingh Ratnu
A gold bar is now worth $1 million
The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal.
The price of spot gold reached more than $2,500 per troy ounce Friday, hitting a record high. The average gold bar weighs 400 troy ounces – which, when you do the math, hits a million dollars.
Piyush Ratnu Gold Market Research
The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal.
The price of spot gold reached more than $2,500 per troy ounce Friday, hitting a record high. The average gold bar weighs 400 troy ounces – which, when you do the math, hits a million dollars.
Piyush Ratnu Gold Market Research
Piyush Lalsingh Ratnu
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#XAUUSD #xauusdgold #gold #forextrading #forexmarket #forexstrategy #forexeducation
Subscribe to our detailed, REAL TIME Analysis and trade with confidence!
For more details, connect at t.me/piyushratnuofficial
#XAUUSD #xauusdgold #gold #forextrading #forexmarket #forexstrategy #forexeducation