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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
There have been some indications (statements) of late that the pace of rate hikes could slow following the 75 bps step that is anticipated next week. This drove gold up to $1,670. This can be interpreted as a sign that gold will have substantial upside potential just as soon as an end to the aggressive rate increases comes into view. This is not the case as yet, however, which is why most of the price gains were reversed again.

ETF investors sold sizeable holdings again last week. Here too, only signs of an end to the aggressive rate hikes are likely to trigger a shift in sentiment.

Speculative financial investors significantly expanded their net short positions in the last reporting week, i.e. the majority are continuing to bet on a falling gold price.

Gold price is likely to extend its range play between the 21-Daily Moving Average (DMA) at $1,666 and the strong support near $1,615 ahead of the critical events this week.

Moreover, in upcoming future policy meetings, the European Central Bank and the Bank of England are likely to deliver a big rate rise. Another mechanism forcing flows away from the yellow metal. Aside from that, a minor improvement in risk sentiment, as seen by a bullish tone in equities markets, is weighing on the safe-haven gold.

However, rising recession worries may assist to minimize the metal’s losses. Investors are worried about the economic headwinds caused by fast-increasing borrowing prices and the extended Russia-Ukraine conflict. This, along with China’s rigorous COVID policy, has fuelled fears of a more severe global economic crisis. The mixed underlying background necessitates considerable caution before initiating strong negative wagers on gold and preparing for any additional decline. Traders are now looking for some encouragement from the flash US PMI prints.

Gold price is likely to extend its range play between the 21-Daily Moving Average (DMA) at $1,666 and the strong support near $1,616 ahead of the critical events this week.

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
Read more at: https://t.me/PR4xAnalysis/1490

One should avoid baseless entries to escape huge drawdown.

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
Are banks preparing a SELL OFF in GOLD?

Next Projected Targets in case of sell off: $1575-1555-1444

Fear and greed work in the same way, and when people try to forecast the future by looking at previous price patterns (very few people look at the big picture; most just focus on the last year or so), they ultimately follow a similar emotional process. This leads them to repeat their past behaviors and, as a result, the price patterns continue to be similar.

Actually, the situation regarding monetary policy now supports even a more profound slide than it did back in 2013. Still, due to geopolitics, the decline could be “only” similar to what we saw back then.

There’s very strong support just a bit below $1575/1555/1444, and the decline to this level (approximately) would be in tune with the size of the 2011-2013 decline.

There’s a good chance we’ll have some sort of correction in the meantime, and one of them might be tradable. The rebound from the 2020 lows seems quite likely.

I will wait for right price zone to enter.

One should avoid baseless entries to escape huge drawdown.

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
03.10.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
ALWAYS: BUY the LOWS, SELL the HIGHS, Always!

First, INFLATION was driving the market policies and tightening was the only possible way out: as announced by the major Banks and heads of various countries.

Now, in current era of rising interest rates + rising inflation + spending + PCE + PMI + GDP: what can the be the only solution left: QE!!

Quantitative Easing will avert a full blown global financial meltdown. BE READY for a high volatility based price movement of $150 in next 15 days.

In one of the most major U-turns in monetary policy, ever seen in history – The Bank of England went into full financial crisis mode this week, rushing out an announcement that the central bank was restarting its money-printing presses at “whatever scale is necessary” – officially confirming that “QE To Infinity And Beyond” was back!

The UK bank’s extraordinary new round of quantitative easing will involve suspended a program to sell gilts – part of an effort to get rapidly surging inflation under control – and instead revert to buying long-dated bonds at a whopping rate of up to 5 billion pounds ($5.31 billion) a day.

Economists have warned that the injection of billions of pounds of newly minted money into the economy could fuel even greater inflation. “This move will be inflationary at a time of already sky-high inflation”, which Goldman Sachs predicts will hit 23% by next year.

Central bank interventions of this scale have not been seen since the Wall Street Crash in 1929, the Black Monday stock market collapse in 1987, the Global Financial Crisis in 2008 and more recently, the 2020 Pandemic.

The Bank of England’s actions represent the first big intervention from a G10 central bank in this monetary cycle to avert a global financial crisis – And it may not be the last!

It serves as a reminder to policymakers around the world that any perceptions by the market of a policy error will be heavily punished. With the Federal Reserve and European Central Bank hiking aggressively into a weakening economy – the big question is who will be next to turn on their money printing machines?

Only time will tell, however, the one thing we do know is that extraordinary times create extraordinary opportunities and right now as traders, we are living in some of the most rewarding times ever in history.

Following The Bank of England’s announcement a long-list of metals from Aluminium, Copper, Palladium, Platinum, Gold, Silver, Lithium, Uranium and Zinc prices surged to multi-month highs – registering their biggest one-day moves this year.

The bullish momentum also split over into other commodities with energies to soft commodities notching up impressive double digit gains – And this could just be the beginning!

Throughout this month's reports we routinely highlighted that the commodity markets we’re on the verge of a massive breakout – presenting savvy traders with the ultimate opportunity to buy in at the lows.

Buying at 1616/1626 zone gave us handsome profits, followed by selling above $1636/1666 zone. CMP 1663

Those who followed our trading plan, am sure made handsome profits, in addition to safeguarding the principle amount during the sell off pressures, aggressive BOE policy and Yen intervention during this month.

Crash:
1735-1717-1685-1666-1636-1616

Rise:
1616-1636-1666-1680

The above zones and levels were well highlighted and projected by me in my trading scenario published on 02.09.2022, which can be checked here: https://bit.ly/02092022NFPXAUUSD

Once again, the market cycles, price zones and opportunities we identified has played out exactly as predicted!
Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
30.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
29.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
28.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
27.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
26.09.2022 | Co-relation | Why XAUUSD Crashed | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

Read more at: https://bit.ly/02092022NFPXAUUSD | Spot Gold Current Market Price: $1625

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
23.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
22.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
21.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
16.09.2022 | As alerted on 02.09.2022 | 1666 Achieved | XAUUSD Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
15.09.2022 | Price Forecast | XAUUSD Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
14.09.2022 | Price Forecast | XAUUSD Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
13.09.2022 | CPI | XAUUSD Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
09.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

Professional Forex Trading Courses by Piyush Ratnu
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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
08.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis
Professional Forex Trading Courses by Piyush Ratnu
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Piyush Lalsingh Ratnu
Piyush Lalsingh Ratnu
07.09.2022 | Price Forecast | Spot Gold Analysis | XAUUSD Analysis | PR Gold Analysis

Professional Forex Trading Courses by Piyush Ratnu
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