DEEKOP

DEEKOP Updated 

Last week we saw a sharp decline on Friday due to news that China stopped buying gold reserves and the Nonfarm index was good for the USD. Seen from Elliot's perspective - We have wave 4 completed at the price range of 2386, then wave 5 continues to move in a downtrend. - We see a sharp move of wave 5 so this is likely wave 3 within wave 5 (Wave 5 inside it is a...

DEEKOP

Last week, China announced that it would stop buying Gold in May, making investors worried, leading to a sharp drop last Friday. In addition, the published Nonfarm news also showed that the change in US employment rate increased sharply from 165k to 275k. These are the things that caused Gold to have a sharp decline on Friday Looking at D1, we see that the sharp...

DEEKOP Updated 

Today we will have information about the Non Farm index published. From Non Farm ADP data US ADP employment rose 152,000 in May, less than the gain in April. It was below market expectations and hit a three-month low. Additionally, April data has been revised downward. Employment in the goods-producing sector increased by just 3,000, down significantly from 47,000...

DEEKOP Updated 

Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50. Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now. - Price surpasses 2464 and confirms wave 5 has ended at our target area of ​​2317. - From the chart...

DEEKOP Updated 

With the PMI being lower than expected at only 48.7 compared to 49.2 in the previous period, if this index is lower than 50, it signals that the expansion of industrial production scale is shrinking. With this index being lower than 50 for two consecutive periods, especially this period being lower than the previous period, it is a sign that the US economy is...

DEEKOP Updated 

Yesterday after the PMI news was announced, we witnessed a price increase to the 2354 area. - The PMI index is used to measure the degree of expansion of industries. We see that this index is lower than the previous period, which continues to support the fact that the US economy currently continues to show signs of decline. - In recent weeks, economic indicators...

DEEKOP Updated 

We expect the price to reach the target zone of wave 5 to find conditions for executing buy orders in this zone. As Friday passes, the market eagerly awaits the personal consumption expenditure (PCE) price index to be announced later. It is expected to show moderate price pressure in April, which would support the case for a rate cut later this year....

DEEKOP

1. US Q1 GDP was revised down due to weak consumer spending. 3. Israel will not end the conflict to reach an agreement to release all hostages. 4. OPEC+ is working on a complex production cut agreement for the period 2024-2025. 5. US April pending home sales suffered the largest decline in three years. With important information last week we see - The US economy...

DEEKOP Updated 

Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals. The news was announced yesterday Preliminary GDP news is 1.3%, lower than expected 1.6% Applications for unemployment benefits were 219k, higher than the previous period's 216k News that pending home sales are down 7.7% Yesterday's news indicators are...

DEEKOP Updated 

With the wave 5 targets projected on the chart, we have 2 target zones: zone 1 is 2322.7 and target zone 2 is 2311.5. Today will release news on unemployment claims, preliminary GDP, and pending home sales, with forecasts worse than last period, if tonight's actual index reflects correctly. This seems to signal that the US economy is being affected by monetary...

DEEKOP Updated 

Looking at the current H1, we see that the price has reached the first target of wave 4 Looking at the preliminary forecast of US economic indicators tomorrow night we see. - Prelim GDP q/q decreased from 1.6% to 1.2% - Unemployment Claims increased from 215K to 218K - Pending Home Sales m/m decreased 3.4% to -1.1% US economic indicators show that the economic...

DEEKOP Updated 

We can observe the expected target areas above to find reversal signals to enter a sell order. With recent signs of cooling inflation and the fact that the US economy in particular has been directly impacted by high interest rates, the employment rate has decreased. These things will make the Fed's statements no longer resolute in maintaining high interest...

DEEKOP Updated 

Looking at the H1 chart we see that the price is in wave 4 - Wave 4 target at price range 156.55 - Then the price continues wave 5 with wave targets at 157.4 and 157.83 We watch to buy at 156.55 after the candlestick reversal signal appears Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a...

DEEKOP Updated 

With investors' expectations of interest rate cuts in the market increasingly decreasing, especially when statements from Fed members last week all hinted that there will be no plans to cut interest rates in the near future. This interest rate causes the expectation to buy gold to decrease, leading to a weak demand for accessing the market. Looking at H1 last...

DEEKOP

We watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy. Looking at the H1 chart, we see that this adjustment process is a complex adjustment process with an abcde pattern. - The price has completed wave d and is followed by a decrease to complete wave e - Looking at the H4 momentum indicator, we see that...

DEEKOP

Looking at chart D, we see that with the current price level, the candle has not yet closed above 2430, so we will have 2 plans for next week. Last week we saw Information that the Fed still has no plans to cut interest rates and even extends the expected time to reduce interest rates is continuously given by Fed officials. This creates concern that the USD will...

DEEKOP Updated 

Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Yesterday the Fed meeting with its published content showed - The data shows that commodity prices have increased significantly recently, which indicates that inflation is increasing. - Fed says inflation may take longer to fall -...

DEEKOP Updated 

Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Look at H1 - Currently, the price continues to complete wave c during the abc correction - As in the previous measurement, we forecast two potential price ranges to end wave c: area 1.0822 and area 1.0787. - Looking at the price...