Piyush Lalsingh Ratnu
- Trader & Analyst al Piyush Ratnu Gold Market Research
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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
The focus remains on today’s FOMC Minutes and Fed Chair Jerome Powell’s speech on Friday.
Gold price is on the front foot above $2,510 in Wednesday’s Asian trading, consolidating the previous upsurge to a new all-time high of $2,532 ($2525 zone projected by PR since 02 08 2024, crash observed till $2499.50 yesterday forming M15A100, hence selling at and above $2525 proved a right decision as per PR GOLD ANALYSIS).
Fundamentals:
Gold price reversed Monday’s brief correction and jumped back on the bids on Tuesday, registering a fresh record high above the $2,500 level. The US Dollar downtrend extended alongside falling US Treasury bond yields, courtesy of dovish expectations from the US Federal Reserve (Fed) and the USD/JPY sell-off, aiding the Gold price rebound.
Gold traders take account of broad risk-aversion and refrain from placing fresh bets ahead of the Minutes of the US Federal Reserve (Fed) July meeting due later on Wednesday.
Risk-off flows extend into Asia this Wednesday, as all the regional indices tumble. A steep sell-off in China’s tech stocks leads the declines in the Asian stock markets. JD. com Inc. plunged as much as 12% after a report on Walmart Inc.’s planned stake sale. China’s property market and growth concerns also continue to haunt markets.
The latest report from the World Gold Council (WGC) said that "anecdotal reports suggest that there has been strong buying interest from jewelry retailers as well as consumers since the duty reduction.” India's recent import tax cut on Gold triggered a downtick in prices., fuelling demand for the bright metal.
📌 Crucial Price Zones for next 7 days: Subscribe our TELEGRAM CHANNEL for latest price zones and trading scenarios by Piyush Ratnu Gold Market Research.
Gold price is on the front foot above $2,510 in Wednesday’s Asian trading, consolidating the previous upsurge to a new all-time high of $2,532 ($2525 zone projected by PR since 02 08 2024, crash observed till $2499.50 yesterday forming M15A100, hence selling at and above $2525 proved a right decision as per PR GOLD ANALYSIS).
Fundamentals:
Gold price reversed Monday’s brief correction and jumped back on the bids on Tuesday, registering a fresh record high above the $2,500 level. The US Dollar downtrend extended alongside falling US Treasury bond yields, courtesy of dovish expectations from the US Federal Reserve (Fed) and the USD/JPY sell-off, aiding the Gold price rebound.
Gold traders take account of broad risk-aversion and refrain from placing fresh bets ahead of the Minutes of the US Federal Reserve (Fed) July meeting due later on Wednesday.
Risk-off flows extend into Asia this Wednesday, as all the regional indices tumble. A steep sell-off in China’s tech stocks leads the declines in the Asian stock markets. JD. com Inc. plunged as much as 12% after a report on Walmart Inc.’s planned stake sale. China’s property market and growth concerns also continue to haunt markets.
The latest report from the World Gold Council (WGC) said that "anecdotal reports suggest that there has been strong buying interest from jewelry retailers as well as consumers since the duty reduction.” India's recent import tax cut on Gold triggered a downtick in prices., fuelling demand for the bright metal.
📌 Crucial Price Zones for next 7 days: Subscribe our TELEGRAM CHANNEL for latest price zones and trading scenarios by Piyush Ratnu Gold Market Research.
Piyush Lalsingh Ratnu
GC $2566
XAUUSD $2525
US10YT -
DXY -
USD S 19
JPY S 78
AUD S 56
XAUXAG 85.22
USDJPY $145.910 (-) 600P
#XAUUSD #Gold #PiyushRatnu
XAUUSD $2525
US10YT -
DXY -
USD S 19
JPY S 78
AUD S 56
XAUXAG 85.22
USDJPY $145.910 (-) 600P
#XAUUSD #Gold #PiyushRatnu
Piyush Lalsingh Ratnu
⚡️⚡️⚡️⚡️⚡️⚡️
As alerted by us: NEW GOLD CYCLKES on the way from 15 August 2024 onwards:
Why XAUUSD price is rising?
Analysis by Piyush Ratnu
Gold (XAU/USD) trades up to a new all-time high in the $2,520s on Tuesday on the back of news of solid demand from China, a weakening US Dollar (in which the precious metal is mostly priced), and continued geopolitical risks stemming from the Middle East, where peace talks are at risk of running aground.
Gold at new high after news of Chinese demand
Gold continues rallying on Tuesday on the back of increased safe-haven demand from China. The People’s Bank of China (PBoC) issued new Gold import quotas to banks which “triggered speculation of a renewed wave of demand,” according to broker SP Angel. Safe-haven demand for Gold in China rose after Chinese 10-year Government Bond yields fell to record lows last week and, as a result, “Chinese buyers are seeking alternative safe-haven protection, with Gold an obvious candidate,” added the broker.
New gold import quotas for Chinese banks could foreshadow another surge in Chinese demand.
Demand for gold was white-hot in China last spring, helping drive global prices to record highs. Chinese demand slowed in recent months due to high prices, but there are signs another Chinese gold buying spree could be on the horizon.
The People's Bank of China has given several commercial banks new gold import quotas in anticipation of revived demand despite high prices.
Sources told Reuters that the Chinese central bank granted the new quotas this month after a two-month pause due to slower physical demand caused by record-high prices.
China ranks as the world's biggest consumer of gold.
(-) DXY = (+) XAUUSD
Gold is gaining a further lift as the US Dollar pushes to a new low eight-month low on Tuesday. The US Dollar Index (DXY) fell to 101.76 in early trade – a positive for Gold since the two assets share a high degree of negative correlation.
Geo-political tensions = (+) XAUUSD
Gold may be seeing safe-haven demand after an attempt to reach a peace agreement in the Middle East, spearheaded by US Secretary of State Antony Blinken, stalled with Israel ready to agree but Hamas not because it wants the agreement to include a permanent and not a temporary ceasefire as laid out in the current deal. Hamas further ratcheted up tensions by owning up to a recent suicide bomb attack in Tel Aviv. An Iranian all-out attack against Israel also remains an overhead risk factor. Middle East peace talks have hit an impasse, further increasing geopolitical risk.
Jackson Hole Symposium
This week's focus will be on the Jackson Hole Symposium, hosting policymakers from around the globe. The event will take place over the weekend, with Federal Reserve (Fed) Chairman Jerome Powell speaking on Friday.
Subscribe our TELEGRAM CHANNEL for latest price zones and trading scenarios by Piyush Ratnu Gold Market Research.
As alerted by us: NEW GOLD CYCLKES on the way from 15 August 2024 onwards:
Why XAUUSD price is rising?
Analysis by Piyush Ratnu
Gold (XAU/USD) trades up to a new all-time high in the $2,520s on Tuesday on the back of news of solid demand from China, a weakening US Dollar (in which the precious metal is mostly priced), and continued geopolitical risks stemming from the Middle East, where peace talks are at risk of running aground.
Gold at new high after news of Chinese demand
Gold continues rallying on Tuesday on the back of increased safe-haven demand from China. The People’s Bank of China (PBoC) issued new Gold import quotas to banks which “triggered speculation of a renewed wave of demand,” according to broker SP Angel. Safe-haven demand for Gold in China rose after Chinese 10-year Government Bond yields fell to record lows last week and, as a result, “Chinese buyers are seeking alternative safe-haven protection, with Gold an obvious candidate,” added the broker.
New gold import quotas for Chinese banks could foreshadow another surge in Chinese demand.
Demand for gold was white-hot in China last spring, helping drive global prices to record highs. Chinese demand slowed in recent months due to high prices, but there are signs another Chinese gold buying spree could be on the horizon.
The People's Bank of China has given several commercial banks new gold import quotas in anticipation of revived demand despite high prices.
Sources told Reuters that the Chinese central bank granted the new quotas this month after a two-month pause due to slower physical demand caused by record-high prices.
China ranks as the world's biggest consumer of gold.
(-) DXY = (+) XAUUSD
Gold is gaining a further lift as the US Dollar pushes to a new low eight-month low on Tuesday. The US Dollar Index (DXY) fell to 101.76 in early trade – a positive for Gold since the two assets share a high degree of negative correlation.
Geo-political tensions = (+) XAUUSD
Gold may be seeing safe-haven demand after an attempt to reach a peace agreement in the Middle East, spearheaded by US Secretary of State Antony Blinken, stalled with Israel ready to agree but Hamas not because it wants the agreement to include a permanent and not a temporary ceasefire as laid out in the current deal. Hamas further ratcheted up tensions by owning up to a recent suicide bomb attack in Tel Aviv. An Iranian all-out attack against Israel also remains an overhead risk factor. Middle East peace talks have hit an impasse, further increasing geopolitical risk.
Jackson Hole Symposium
This week's focus will be on the Jackson Hole Symposium, hosting policymakers from around the globe. The event will take place over the weekend, with Federal Reserve (Fed) Chairman Jerome Powell speaking on Friday.
Subscribe our TELEGRAM CHANNEL for latest price zones and trading scenarios by Piyush Ratnu Gold Market Research.
Piyush Lalsingh Ratnu
$2525 achieved as projected on 07 August 2024
#XAUUSD
#PiyushRatnu #Gold #War #Inflation #JacksonHole2024 #Powell
#XAUUSD
#PiyushRatnu #Gold #War #Inflation #JacksonHole2024 #Powell
Piyush Lalsingh Ratnu
$2509 XAUUSD GOLD Price Achieved as projected on 08 August 2024 by Piyush Ratnu Gold Market Research
Retracement achieved till $2485: $2485-2505 CMP $2505
Retracement achieved till $2485: $2485-2505 CMP $2505
Piyush Lalsingh Ratnu
https://www.gold.org/goldhub/gold-focus/2024/08/chinas-gold-market-july-wholesale-demand-remained-weak-while-etfs
Key highlights:
Both the Shanghai Gold Benchmark PM (SHAUPM) in RMB and the LBMA Gold Price AM in USD bounced higher in July, further extending their y-t-d gains
The industry withdrew 89t of gold from the Shanghai Gold Exchange (SGE) during the month, a 26t y/y fall and the weakest July since 2020. Continued weaknesses in gold jewellery consumption and physical investment weighed on wholesale gold demand
Inflows into Chinese gold ETFs were sustained during July (+RMB783mn, +US$108mn).
This is the eighth consecutive month of inflows, lifting total assets under management (AUM) to RMB53bn (US$7.3bn) and collective holdings to 94t, both the highest in history
China reported no gold purchases in July, for the third consecutive month, leaving total official gold holdings unchanged at 2,264t, 4.9% of total foreign reserves.
China has announced a 29t y-t-d addition to its gold reserves; purchases took place during the first four months of 2024.
Key highlights:
Both the Shanghai Gold Benchmark PM (SHAUPM) in RMB and the LBMA Gold Price AM in USD bounced higher in July, further extending their y-t-d gains
The industry withdrew 89t of gold from the Shanghai Gold Exchange (SGE) during the month, a 26t y/y fall and the weakest July since 2020. Continued weaknesses in gold jewellery consumption and physical investment weighed on wholesale gold demand
Inflows into Chinese gold ETFs were sustained during July (+RMB783mn, +US$108mn).
This is the eighth consecutive month of inflows, lifting total assets under management (AUM) to RMB53bn (US$7.3bn) and collective holdings to 94t, both the highest in history
China reported no gold purchases in July, for the third consecutive month, leaving total official gold holdings unchanged at 2,264t, 4.9% of total foreign reserves.
China has announced a 29t y-t-d addition to its gold reserves; purchases took place during the first four months of 2024.
Piyush Lalsingh Ratnu
XAUUSD: All time HIGH $2500 ACHIEVED.
As projected on 08 August 2024 | Verify at: https://x.com/piyushratnu/status/1821868263715844306
As projected on 08 August 2024 | Verify at: https://x.com/piyushratnu/status/1821868263715844306
Piyush Lalsingh Ratnu
XAUUSD Spot Gold | Piyush Ratnu Market Research
Connect at t.me/PiyushRatnuOfficial for more details.
Connect at t.me/PiyushRatnuOfficial for more details.
Piyush Lalsingh Ratnu
Gold price action witnessed heavy buying from $2424 as fears of possible Iranian attack on Israel triggered safe haven rush to safety and Gold demand increased as store of value taking the precious metal to $2478 in a short span of time.
Iran-Israel issue is widely believed to be extremely delicate and sensitive in the sense that both sides are adamant and far from negotiation and refuse any restraint, especially at a point where any escalation can lead to uncontrollable geo political hazzards and turn into a much wider scale conflict.
Iran-Israel issue is widely believed to be extremely delicate and sensitive in the sense that both sides are adamant and far from negotiation and refuse any restraint, especially at a point where any escalation can lead to uncontrollable geo political hazzards and turn into a much wider scale conflict.
Piyush Lalsingh Ratnu
Gold (XAU/USD) trades in the $2,450s on Monday, clocking up around a 0.45% gain from the previous day on a combination of safe-haven demand due to geopolitical risk and rising bets the Federal Reserve (Fed) will move to cut interest rates at its next meeting. The expectation of interest rates falling is positive for Gold since it lowers the opportunity cost of holding Gold which is a non-interest paying asset.
Piyush Lalsingh Ratnu
Gold (XAU/USD) suffered heavy losses at the beginning of the week as a combination of factors triggered a broad market selloff. The metal, however, recovered sharply in the second half of the week and stabilized comfortably above $2,400. Market participants await July inflation data from the US for the next directional clue.
Gold price is trading on the back foot near $2,430 early Monday, consolidating the previous week’s late recovery. Traders appear non-committal and refrain from placing fresh bets on Gold price, bracing for an action-packed week, with US Consumer Price Index (CPI) inflation data in the spotlight.
Gold price braces for Iran-Israel escalation and key US data
Traders take account of the latest developments surrounding the Middle-East geopolitical tensions, with Israel preparing for an imminent attack by Iran, in retaliation for the assassination of Hamas leader Ismail Haniyeh in Tehran in late July.
On Sunday, Axios reported that the Israeli intelligence community is put on a high alert, as it is believed that Iran has decided to attack Israel directly and may do so within days.
Meanwhile, ABC News reported early Monday that the Israel Defense Forces (IDF) intercepted roughly 30 "projectiles" that were identified as crossing from Lebanon into northern Israel. This comes even as Hamas proposed a cease-fire implementation plan after a diplomatic push from the United States, Egypt and Qatar for a new round of talks to take place between Israel and Hamas on Aug. 15 in either Doha or Cairo.
If the Iran-backed militant groups, Hezbollah and Hamas, turn down any cease-fire attempts and attack Israel, the escalation could very well translate into a wider regional conflict. Mounting geopolitical tensions are likely to keep the safe-haven US Dollar (USD) buoyed, weighing negatively on the USD-denominated Gold price. Gold failed to benefit from escalating geopolitical tensions at the beginning of the week and declined sharply. The unwinding of Japanese Yen (JPY) carry trade, growing fears over a recession in the US and heightened concerns about a deepening conflict in the Middle East triggered a global market selloff on Monday, causing a variety of financial assets, except for the JPY, to suffer heavy losses.
Markets remain in a wait-and-see mode before taking any calls on the next Gold price direction, as position readjustments could be seen heading into Wednesday’s US CPI showdown. The headline annual CPI is set to rise 2.9% in July after increasing by 3.0% in June. Meanwhile, the core inflation is expected to edge a tad lower to 3.2% YoY in July versus June’s 3.3% print.
Gold investors might implement large positions based on US inflation data
Next week’s economic calendar will feature July inflation data from the US. The Consumer Price Index (CPI) is forecast to rise 0.2% on a monthly basis and the core CPI, which excludes volatile food and energy prices, is also seen increasing 0.2% in the same period. On a yearly basis, the headline CPI inflation is forecast to edge lower to 2.9% from 3% in June.
The CME FedWatch Tool shows that markets are pricing in a more-than-50% probability of a 50 basis points (bps) Federal Reserve (Fed) rate cut in September. In case the monthly core CPI rises more than forecast, investors could reassess the probability of a 50 bps cut in September and help the USD gather strength with the immediate reaction. On the flip side, a reading at or below the market expectation in this data could weigh on the USD, opening the door for another leg higher in XAU/USD.
Crucial Price Zones:
🔻BZ $2407/2385/2369/2332
🔺SZ $2469/2485/2525/2552
Gold price is trading on the back foot near $2,430 early Monday, consolidating the previous week’s late recovery. Traders appear non-committal and refrain from placing fresh bets on Gold price, bracing for an action-packed week, with US Consumer Price Index (CPI) inflation data in the spotlight.
Gold price braces for Iran-Israel escalation and key US data
Traders take account of the latest developments surrounding the Middle-East geopolitical tensions, with Israel preparing for an imminent attack by Iran, in retaliation for the assassination of Hamas leader Ismail Haniyeh in Tehran in late July.
On Sunday, Axios reported that the Israeli intelligence community is put on a high alert, as it is believed that Iran has decided to attack Israel directly and may do so within days.
Meanwhile, ABC News reported early Monday that the Israel Defense Forces (IDF) intercepted roughly 30 "projectiles" that were identified as crossing from Lebanon into northern Israel. This comes even as Hamas proposed a cease-fire implementation plan after a diplomatic push from the United States, Egypt and Qatar for a new round of talks to take place between Israel and Hamas on Aug. 15 in either Doha or Cairo.
If the Iran-backed militant groups, Hezbollah and Hamas, turn down any cease-fire attempts and attack Israel, the escalation could very well translate into a wider regional conflict. Mounting geopolitical tensions are likely to keep the safe-haven US Dollar (USD) buoyed, weighing negatively on the USD-denominated Gold price. Gold failed to benefit from escalating geopolitical tensions at the beginning of the week and declined sharply. The unwinding of Japanese Yen (JPY) carry trade, growing fears over a recession in the US and heightened concerns about a deepening conflict in the Middle East triggered a global market selloff on Monday, causing a variety of financial assets, except for the JPY, to suffer heavy losses.
Markets remain in a wait-and-see mode before taking any calls on the next Gold price direction, as position readjustments could be seen heading into Wednesday’s US CPI showdown. The headline annual CPI is set to rise 2.9% in July after increasing by 3.0% in June. Meanwhile, the core inflation is expected to edge a tad lower to 3.2% YoY in July versus June’s 3.3% print.
Gold investors might implement large positions based on US inflation data
Next week’s economic calendar will feature July inflation data from the US. The Consumer Price Index (CPI) is forecast to rise 0.2% on a monthly basis and the core CPI, which excludes volatile food and energy prices, is also seen increasing 0.2% in the same period. On a yearly basis, the headline CPI inflation is forecast to edge lower to 2.9% from 3% in June.
The CME FedWatch Tool shows that markets are pricing in a more-than-50% probability of a 50 basis points (bps) Federal Reserve (Fed) rate cut in September. In case the monthly core CPI rises more than forecast, investors could reassess the probability of a 50 bps cut in September and help the USD gather strength with the immediate reaction. On the flip side, a reading at or below the market expectation in this data could weigh on the USD, opening the door for another leg higher in XAU/USD.
Crucial Price Zones:
🔻BZ $2407/2385/2369/2332
🔺SZ $2469/2485/2525/2552
Piyush Lalsingh Ratnu
#blackmonday2024 Trading Performance | Analysis Review
#BlackMonday #blackmonday2024 #Forex #PiyushRatnu
https://www.piyushratnu.com/most-accurate-black-monday-august-2024-forex-trading-and-analysis-by-piyush-ratnu/
#BlackMonday #blackmonday2024 #Forex #PiyushRatnu
https://www.piyushratnu.com/most-accurate-black-monday-august-2024-forex-trading-and-analysis-by-piyush-ratnu/