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Piyush Lalsingh Ratnu
🟢 USDJPY approaching 145.600 zone
Net crash observed: 1800 pips.
Possible impact on XAUUSD: $50+ price move
RT in USDJPY might push XAUUSD to $2009/1985 zone.
Net crash observed: 1800 pips.
Possible impact on XAUUSD: $50+ price move
RT in USDJPY might push XAUUSD to $2009/1985 zone.
Piyush Lalsingh Ratnu
Santa Rally Ahead: Stay Alert. BUY DIPS. PG 100
Exit in NAP | Exit Dates: 09/10 Jan or NAP.
Exit in NAP | Exit Dates: 09/10 Jan or NAP.
Piyush Lalsingh Ratnu
https://www.bloomberg.com/news/articles/2023-12-05/israel-would-consider-another-cease-fire-to-get-back-hostages?srnd=premium-middle-east
🟢 Probable IMPACT:
Scenario A: Rejection of truce/surprise attack might result in another + rally of $75
Scenario B: Reversal: XAUUSD might make enter in next set of technical correction extending to $1985/1966.
🟢 Probable IMPACT:
Scenario A: Rejection of truce/surprise attack might result in another + rally of $75
Scenario B: Reversal: XAUUSD might make enter in next set of technical correction extending to $1985/1966.
Piyush Lalsingh Ratnu
The US Dollar (USD) appreciated significantly in the European trading session on Tuesday after rating agency Moody’s downgraded China’s credit outlook from stable to negative due to rising debt.
More US Dollar Strength comes from European Central Bank (ECB) member Isabel Schnabel, who said she is surprised by the substantial decline in inflation and no more interest-rate hikes are further needed.
XAUUSD price factors: Pressure building to Nonfarm Payrolls
• Rating agency Moody’s has issued a negative outlook for China, a downgrade from the previous “stable” label.
• European Central Bank (ECB) board member Isabel Schnabel said that she is surprised by the shere speed of decline in inflation in the Eurozone, and no further hikes should be needed. Schnabel is considered to be a hawk, which makes these comments even more important and signals a change in the stance and outlook of the ECB.
• At 18.45, the S&P Global Purchasing Managers Indices are expected:
1. The Services PMI is expected to stay stable from its preliminary reading at 50.8.
2. The Composite flash reading for November stood at 50.7.
• Chunky batch of data at 19:00 GMT:
1. The Institute for Supply Management (ISM) will release its November numbers:
2. Headline Services PMI for November expected to increase from 51.8 to 52.
3. Services Employment Index for October was at 50.2. No forecast.
4. Services New Orders Index for October was at 55.5. No forecast pencilled in.
5. Services Prices Paid for October was at 58.6. No forecast.
6. JOLTS Job Openings for October is expected to decline a little from 9.553 million to 9.3 million.
• Equities are bleeding severely this Tuesday with nearly all Asian equity indices down over 1%, with China’s leading indices down more than 2%. European equities are trading in the red, and US futures trade directionless.
• The CME Group’s FedWatch Tool shows that markets are pricing in a 97.5% chance that the Federal Reserve will keep interest rates unchanged at its meeting next week.
• The benchmark 10-year US Treasury Note steadies at 4.23%. Yields in Europe, on the other hand, are falling.
🟢 Crucial zones:
C: $2009/1985/1966
R: $2048/2069/2096
More US Dollar Strength comes from European Central Bank (ECB) member Isabel Schnabel, who said she is surprised by the substantial decline in inflation and no more interest-rate hikes are further needed.
XAUUSD price factors: Pressure building to Nonfarm Payrolls
• Rating agency Moody’s has issued a negative outlook for China, a downgrade from the previous “stable” label.
• European Central Bank (ECB) board member Isabel Schnabel said that she is surprised by the shere speed of decline in inflation in the Eurozone, and no further hikes should be needed. Schnabel is considered to be a hawk, which makes these comments even more important and signals a change in the stance and outlook of the ECB.
• At 18.45, the S&P Global Purchasing Managers Indices are expected:
1. The Services PMI is expected to stay stable from its preliminary reading at 50.8.
2. The Composite flash reading for November stood at 50.7.
• Chunky batch of data at 19:00 GMT:
1. The Institute for Supply Management (ISM) will release its November numbers:
2. Headline Services PMI for November expected to increase from 51.8 to 52.
3. Services Employment Index for October was at 50.2. No forecast.
4. Services New Orders Index for October was at 55.5. No forecast pencilled in.
5. Services Prices Paid for October was at 58.6. No forecast.
6. JOLTS Job Openings for October is expected to decline a little from 9.553 million to 9.3 million.
• Equities are bleeding severely this Tuesday with nearly all Asian equity indices down over 1%, with China’s leading indices down more than 2%. European equities are trading in the red, and US futures trade directionless.
• The CME Group’s FedWatch Tool shows that markets are pricing in a 97.5% chance that the Federal Reserve will keep interest rates unchanged at its meeting next week.
• The benchmark 10-year US Treasury Note steadies at 4.23%. Yields in Europe, on the other hand, are falling.
🟢 Crucial zones:
C: $2009/1985/1966
R: $2048/2069/2096
Piyush Lalsingh Ratnu
04.12.2023 | XAUUSD: Daily Price Forecast | XAUUSD Analysis | Daily Price Projection | Spot Gold Analysis by Piyush Ratnu
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Piyush Lalsingh Ratnu
Status of Co-relations | WHY XAUUSD crashed: the answer can be found through co-relations.
Piyush Lalsingh Ratnu
28/11/2023: I had projected $50 crash before 12.12.2023, however we witnessed (-)$120+ crash before 12.12.2023
Piyush Lalsingh Ratnu
28/11/2023: I had projected $50 crash before 12.12.2023, however we witnesses (-)$120+ crash before 12.12.2023.
Piyush Lalsingh Ratnu
♾USDJPY Update:
Despite the 3.5% strengthening of the yen against the US dollar from the levels of the November lows, hedge funds have increased their short positions in the Japanese currency to the highest level since April 2022. They are betting on maintaining a wide US-Japanese yield spread. According to speculators, it would be strange if all central banks, including the Fed, eased monetary policy in 2024, but the BoJ tightened it.
Insurance companies also do not believe in market pricing and have reduced currency hedging of transactions with foreign securities to 47.8%. This is the lowest level since the beginning of accounting in 2011. For comparison, six months ago, the ratio was 52.7%. Its decline results from a lack of concern about the strengthening of the yen, which reduces profits from foreign investments.
Thus, hedge funds and insurance companies trust the Bank of Japan more than the market. Kazuo Ueda has spoken many times about the regulator's commitment to an ultra-ease monetary policy and ignored the fact that inflation in the country has been exceeding the target of 2% for 19 months. They say deflation is structural, and a sustainable wage increase is required to ensure victory over it.
The market has a different opinion. Derivatives suggest the BoJ should end its policy of sub-zero interest rates in June and raise borrowing costs even higher by the end of 2024. The consensus forecast of Bloomberg experts indicates that the first increase in the BoJ rate from its current level of -0.1% will occur in April. At the same time, the derivatives market expects the Fed to ease monetary policy as early as March, followed by a reduction in the federal funds rate by 125 basis points to 4.25% by the end of next year.
🟢 Probable IMPACT: USD - JPY + = XAUUSD +
Despite the 3.5% strengthening of the yen against the US dollar from the levels of the November lows, hedge funds have increased their short positions in the Japanese currency to the highest level since April 2022. They are betting on maintaining a wide US-Japanese yield spread. According to speculators, it would be strange if all central banks, including the Fed, eased monetary policy in 2024, but the BoJ tightened it.
Insurance companies also do not believe in market pricing and have reduced currency hedging of transactions with foreign securities to 47.8%. This is the lowest level since the beginning of accounting in 2011. For comparison, six months ago, the ratio was 52.7%. Its decline results from a lack of concern about the strengthening of the yen, which reduces profits from foreign investments.
Thus, hedge funds and insurance companies trust the Bank of Japan more than the market. Kazuo Ueda has spoken many times about the regulator's commitment to an ultra-ease monetary policy and ignored the fact that inflation in the country has been exceeding the target of 2% for 19 months. They say deflation is structural, and a sustainable wage increase is required to ensure victory over it.
The market has a different opinion. Derivatives suggest the BoJ should end its policy of sub-zero interest rates in June and raise borrowing costs even higher by the end of 2024. The consensus forecast of Bloomberg experts indicates that the first increase in the BoJ rate from its current level of -0.1% will occur in April. At the same time, the derivatives market expects the Fed to ease monetary policy as early as March, followed by a reduction in the federal funds rate by 125 basis points to 4.25% by the end of next year.
🟢 Probable IMPACT: USD - JPY + = XAUUSD +
Piyush Lalsingh Ratnu
04.12.2023: XAUUSD breached $2121 zone, as projected in advance, read more:
https://www.piyushratnu.com/why-gold-price-xauusd-2023-2121-2145-in-2023/
https://www.piyushratnu.com/why-gold-price-xauusd-2023-2121-2145-in-2023/
Piyush Lalsingh Ratnu
⏰XAUUSD: This week:
A high ($2145) before NFP: will RT result in $2145 again?
A high ($2145) before NFP: a technical correction on the way?
🆘Crucial Zones this week:
R: $2145/2169
C: $2009/1985
A high ($2145) before NFP: will RT result in $2145 again?
A high ($2145) before NFP: a technical correction on the way?
🆘Crucial Zones this week:
R: $2145/2169
C: $2009/1985
Piyush Lalsingh Ratnu
Selling at V, above V proved a perfect trade scenario ONCE AGAIN. 2069-2096-2121-2145-2121-2096-2069 (z) achieved | As projected in advance on Friday, SHORTS above 2069: proved an ideal plan!
Piyush Lalsingh Ratnu
🟢 USDJPY - XAUUSD co-relation at it's best:
USDJPY @M30S5
XAUUSD @M30S5
🟢 USDJPY - XAUUSD co-relation at it's best:
USDJPY @M15VS1
XAUUSD @M15AS1
USDJPY @M30S5
XAUUSD @M30S5
🟢 USDJPY - XAUUSD co-relation at it's best:
USDJPY @M15VS1
XAUUSD @M15AS1
Piyush Lalsingh Ratnu
Three Major reasons for the + rally:
1. Israel war resumes
2. US fends of Red Sea attack
3. Fed statement
The precious metal jumped as much as 3.1% to $2,135.39 an ounce and Bitcoin climbed more than 2.5%. Asian shares were mixed, with a gain in Australian, Korean and Hong Kong stocks, while Japanese and mainland Chinese equities fell. US equity futures were steady.
Media is focusing on Ged related statements, however as per me: the real reason is:
As alerted at $1926 price zone, China had bought Gold, and as projected by me on the same day: $200 + rally was expected.
$1926 + 200: $2026
In addition, in last three trading days I had alerted + price movement of $30/45 in each set after USDJPY crashed more than $1/ set. Net movement of +$90 was awaited by me and hence I had projected selling above $2069 till $2121 zone and above with a price gap of $6 in each set. At CMP $2085, we are in Net profit in this set of trades.
Target zone achieved.
Same pattern was observed last year, when XAUUSD price was at $1616, after China bought Gold, XAUUSD crossed $200+ in 36 days, on 04 Dec 2022: XAUUSD traced price track of $1616-1818 zone.
1. Israel war resumes
2. US fends of Red Sea attack
3. Fed statement
The precious metal jumped as much as 3.1% to $2,135.39 an ounce and Bitcoin climbed more than 2.5%. Asian shares were mixed, with a gain in Australian, Korean and Hong Kong stocks, while Japanese and mainland Chinese equities fell. US equity futures were steady.
Media is focusing on Ged related statements, however as per me: the real reason is:
As alerted at $1926 price zone, China had bought Gold, and as projected by me on the same day: $200 + rally was expected.
$1926 + 200: $2026
In addition, in last three trading days I had alerted + price movement of $30/45 in each set after USDJPY crashed more than $1/ set. Net movement of +$90 was awaited by me and hence I had projected selling above $2069 till $2121 zone and above with a price gap of $6 in each set. At CMP $2085, we are in Net profit in this set of trades.
Target zone achieved.
Same pattern was observed last year, when XAUUSD price was at $1616, after China bought Gold, XAUUSD crossed $200+ in 36 days, on 04 Dec 2022: XAUUSD traced price track of $1616-1818 zone.
Piyush Lalsingh Ratnu
🆘 ALERT:
Crash in USDJPY observed: (-) 1500+ pips
(148.300 - 146.800 CMP)
Possible Impact on XAUUSD might + $35-45 from $2030
= $2075 on radar
Todays HIGH $2069
Crash in USDJPY observed: (-) 1500+ pips
(148.300 - 146.800 CMP)
Possible Impact on XAUUSD might + $35-45 from $2030
= $2075 on radar
Todays HIGH $2069
Piyush Lalsingh Ratnu
🆘 USDJPY crashed 0.70% CMP $147.100
RT might put DOWN pressure on GOLD price.
Selling HIGHS ideal strategy.
I will not take trades now, since it is a FRIDAY.
RT might put DOWN pressure on GOLD price.
Selling HIGHS ideal strategy.
I will not take trades now, since it is a FRIDAY.
Piyush Lalsingh Ratnu
🆘 ALERT:
Crash in USDJPY observed: (-) 1000+ pips
(148.300 - 147.300 CMP)
Possible Impact on XAUUSD might + $20/25
I will SELL HIGHS with $6 PG Exit NAP.
Crash in USDJPY observed: (-) 1000+ pips
(148.300 - 147.300 CMP)
Possible Impact on XAUUSD might + $20/25
I will SELL HIGHS with $6 PG Exit NAP.
Piyush Lalsingh Ratnu
🆘 Gold Prices are trading sideways on Friday, with bulls capped below the $2,048 resistance area with the $2,032 level containing downside attempts so far.
Gold price is back in the green early Friday, snapping a corrective decline from six-month highs of $2,052 seen Thursday. The renewed weakness in the United States Dollar (USD) and the US Treasury bond yields is boding well for Gold price, as the focus shifts toward the US ISM Manufacturing PMI data and US Federal Reserve (Fed) Chair Jerome Powell’s dual appearances later in the day.
The US Dollar has come under fresh selling pressure in Asian trading on Friday, helped by a modest downtick in the US Treasury bond yields, as traders cheer increased expectations of a Fed interest rate cut as early as March 2024. Gold price is, therefore, firming up to take on the $2,050 level once again.
Gold traders will closely scrutinize his words to judge whether the speculation surrounding the Fed rate cuts has some ground. Powell is likely to maintain his rhetoric stance that further tightening remains on the cards if the progress on inflation stalls.
In the meantime, Gold price will continue to draw support from a surprise expansion in the Chinese Caixin Manufacturing PMI data for November. China is the world’s top Gold consumer.
On Thursday, and today noon Gold price extended its corrective downside, as markets resorted to profit-taking on their long positions after the recent upsurge and amid the monthly closing. The end-of-the-month flows offered a temporary reprieve to the US Dollar.
🆘 XAUUSD: Crucial Zones:
R: $2069/2075
C: $2023/2019
Gold price is back in the green early Friday, snapping a corrective decline from six-month highs of $2,052 seen Thursday. The renewed weakness in the United States Dollar (USD) and the US Treasury bond yields is boding well for Gold price, as the focus shifts toward the US ISM Manufacturing PMI data and US Federal Reserve (Fed) Chair Jerome Powell’s dual appearances later in the day.
The US Dollar has come under fresh selling pressure in Asian trading on Friday, helped by a modest downtick in the US Treasury bond yields, as traders cheer increased expectations of a Fed interest rate cut as early as March 2024. Gold price is, therefore, firming up to take on the $2,050 level once again.
Gold traders will closely scrutinize his words to judge whether the speculation surrounding the Fed rate cuts has some ground. Powell is likely to maintain his rhetoric stance that further tightening remains on the cards if the progress on inflation stalls.
In the meantime, Gold price will continue to draw support from a surprise expansion in the Chinese Caixin Manufacturing PMI data for November. China is the world’s top Gold consumer.
On Thursday, and today noon Gold price extended its corrective downside, as markets resorted to profit-taking on their long positions after the recent upsurge and amid the monthly closing. The end-of-the-month flows offered a temporary reprieve to the US Dollar.
🆘 XAUUSD: Crucial Zones:
R: $2069/2075
C: $2023/2019
Piyush Lalsingh Ratnu
XAUUSD: $2023 in 2023, $2048 Selling Zone: Price target Achieved | Most Accurate Spot Gold XAUUSD Forex Analysis & Daily Price Projection by Piyush Ratnu
🔘 Watch Analysis Review at: https://youtu.be/gkohGyGu6oM
✔️AS ALERTED AND PUBLISHED ON:
24.04.2023 | 28.04.2023 | 03.05.2023 | 30.05.2023 | 07.07.2023 | 04.08.2023 | 19.10.2023 | 30.10.2023 | 13.11.2023
Current Market Situation:
Gold price hovers lower around $2,040 per troy ounce during the Asian session on Thursday. The yellow metal has retreated from the six-month high it reached at $2,052 on Wednesday. The pullback in Gold's price suggests a shift in market sentiment or profit-taking after the recent rally.
Gold encountered challenges as the US Dollar (USD) saw a modest rebound. The US Dollar Index (DXY) struggles to sustain its gains, hovering around 102.80 at the moment. The US Dollar (USD) successfully halted its four-day losing streak in the previous session, thanks to stronger-than-expected US Gross Domestic Product Annualized data released by the US Bureau of Economic Analysis. The US GDP Annualized increased by 5.2% during the third quarter, surpassing the previous reading of 4.9% and exceeding the market consensus of 5.0%.
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Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
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Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu
🔘 Watch Analysis Review at: https://youtu.be/gkohGyGu6oM
✔️AS ALERTED AND PUBLISHED ON:
24.04.2023 | 28.04.2023 | 03.05.2023 | 30.05.2023 | 07.07.2023 | 04.08.2023 | 19.10.2023 | 30.10.2023 | 13.11.2023
Current Market Situation:
Gold price hovers lower around $2,040 per troy ounce during the Asian session on Thursday. The yellow metal has retreated from the six-month high it reached at $2,052 on Wednesday. The pullback in Gold's price suggests a shift in market sentiment or profit-taking after the recent rally.
Gold encountered challenges as the US Dollar (USD) saw a modest rebound. The US Dollar Index (DXY) struggles to sustain its gains, hovering around 102.80 at the moment. The US Dollar (USD) successfully halted its four-day losing streak in the previous session, thanks to stronger-than-expected US Gross Domestic Product Annualized data released by the US Bureau of Economic Analysis. The US GDP Annualized increased by 5.2% during the third quarter, surpassing the previous reading of 4.9% and exceeding the market consensus of 5.0%.
Professional Forex Trading Courses by Piyush Ratnu
Duration: 1 Week | 1 month | 6 months | 12 months
Read complete glossary at:
https://bit.ly/PRForexGlossary
Instagram: https://www.instagram.com/piyushratnu...
Facebook: https://www.facebook.com/PiyushRatnuO...
You Tube: https://www.youtube.com/piyushratnu
Reddit: https://www.reddit.com/r/prgoldanalysis
Twitter: https://twitter.com/piyushratnu
Analysis Track Record:
https://bit.ly/GoldAnalysisbyPiyushRatnu