DEEKOP

DEEKOP

Looking at H1, we see that the price is having a recovery to the 2334 area. Looking at the recovery candles, we see that these are short-bodied candles, which proves that the price momentum is weak and will not make the price go far. Okay - Looking at the overall price correction, the price is in a Flat correction model. With this model, we continue to expect the...

DEEKOP Updated 

Last week we saw that from H1, the price completed a 5-wave pattern. According to the Elliot principle, this could be wave A or impulse wave 1 - Whether it is a wave A pattern or a complete wave 1 pattern, the 5-wave pattern is always followed by a correction wave - We expect the abc corrective wave pattern to find a trading setup when wave c completes - As shown...

DEEKOP Updated 

Yesterday we had a price increase in the 2295 area. As I said, if in this zone the price increases beyond 2316.8, we have to count the waves again - We are still in a downtrend and this increase is just a recovery - The new wave counting process is denoted as on the graph. The price decline ended at 2295, wave 5 has completed and next we have the ABC correction...

DEEKOP Updated 

The price has approached the 2295 zone and is currently recovering very weakly in this zone. - There is a high possibility that the price will continue to break this zone and drop to the 2287 zone. + At area 2287, if the price breaks out below this area, the price will continue to complete the target of wave 5 at price area 2256 or 2210. + If the price continues...

DEEKOP Updated 

Yesterday's price broke the 2334 zone, confirming the abc wave correction process, which also means that wave 1 and orange wave 2 have completed. After that, the price continues to decrease to continue completing wave 3. We have the characteristics of wave 3 as moving quickly and sharply, - So we wait for the candle to close below 2316.8 to confirm the correction...

DEEKOP Updated 

Yesterday the price touched the wave 4 target zone that we predict is the 2329 zone. - Currently, the price is reacting at the 2334 area. Looking at the current H1 candlestick model, we see withdrawal candles appearing in this area, proving that there is very strong selling force blocking the price increase in this area. - The ending target of this correction is...

DEEKOP Updated 

Prices are recovering after a sharp drop on Friday. - According to the Elliot wave principle, a sharp wave moving quickly is wave 3 in a series of 5 waves. - So it is possible that the current increase is a correction in wave 4, so we will continue to have wave 5 continuing to decrease after wave 4 correction is completed. - The nearest resistance zone is the...

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So after Friday's sharp drop, we had a profit of 500 pips. This decrease also confirmed the completion of orange wave C in the ABC correction. After the ABC correction is completed, we bet that the previous downtrend wave will continue. - With Friday's decline, we see that the momentum has entered the oversold zone, showing that sellers are showing signs of...

DEEKOP Updated 

Our wave C target has been achieved, looking at the price we see - Yesterday after the news of unemployment benefits was announced, the price increased sharply to our target area of ​​2364 and is currently correcting. So the price increased sharply and quickly, which is the characteristic of wave 3, then the price decreased and adjusted until now, so it is likely...

DEEKOP

Notre objectif de vague C a été atteint, au vu du prix que nous observons - Hier, après l'annonce de la nouvelle des allocations de chômage, le prix a fortement augmenté jusqu'à notre zone cible de 2364 et est actuellement en train de se corriger. Le prix a donc augmenté fortement et rapidement, ce qui est la caractéristique de la vague 3, puis le prix a diminué...

DEEKOP Updated 

Today will be announced the number of applications for unemployment benefits. This index will tell us how the current economic situation is affected by the Fed's policy on interest rates. If these indexes decrease, it will tell us that the Fed's recent policies have not had a large impact on the economic situation, which will create conditions for the Fed to...

DEEKOP Updated 

Look at H1 - We see that currently the price is tending to form a triangle correction pattern. - As I said before, the price is currently in a complicated adjustment process, we can only wait for the model to complete to determine the next trend. - And I am also predicting an ABC correction model with the target wave C on the chart with 2 price ranges 2350 and...

DEEKOP Updated 

Gold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have...

DEEKOP Updated 

Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively...

DEEKOP Updated 

Yesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index,...

DEEKOP Updated 

Yesterday we had the Fed's announcement about the CPI index, we saw that this index was 0.3 to 0.4 lower than the previous period. This is the result when the Fed implemented tightening monetary policy in the past. After that, the FOMC meeting announced that interest rates would continue to remain at 5.5%. - This made gold yesterday, after the announcement of CPI...

DEEKOP Updated 

Last week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The...

DEEKOP

This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary...