DEEKOP

DEEKOP

Yesterday as predicted, wave C was completed with very strong selling pressure, we did not reach the target of the first BUY zone, but at the second BUY zone, we had a big win of 210 pips, congratulations to all of us. Currently, the uptrend is still dominant. Looking at the current trend, we expect a 5-wave structure as shown on the chart. Besides, there is...

DEEKOP

Looking at H1, we see a completed 5-wave structure followed by a correction structure. Currently, we have 2 possibilities that can happen with the current price structure Case 1, we have a Flat correction structure with peak B equal to peak 5 as shown on the chart. Then we need to wait for the price to complete wave C to be able to trade. In this case, it is...

DEEKOP

Last week we saw a special increase on Friday. - This increase confirmed the completion of the ABC correction wave and the price continued to increase. - Looking at the current uptrend, we see a structure of short candles with weak momentum. So this could be a big wave 1 in the uptrend structure. Looking at the bullish wave structure, we see that there are 5...

DEEKOP

Looking at H1 we see - Yesterday we saw a sharp decline after the PMI news, the price reached our BUY Entry, up to now we have a 190 pips victory, congratulations to all of us. - Now looking at the uptrend we see a 3-wave structure, on the other hand we see that yesterday's downtrend has the characteristic of sharp and fast movement, so we expect wave 3 to have...

DEEKOP

Looking at H1, we see that yesterday the Gold price peaked at 2532, which is a new ATH, then the price dropped sharply to the 2501 area, so it is very likely that the price has completed the 5-wave structure 1 2 3 4 5 and now the price is entering the 3-wave ABC correction structure. - The sharp drop to the 2501 area means that wave A is likely to have completed...

DEEKOP

Last weekend we had a strong increase on Friday that broke the old peak to create a new ATH. This increase has caused the RSI indicator to enter the overbought zone. In my experience, when the price moves quickly and sharply while looking at the RSI entering the oversold zone, this is a sign of wave 3. - Currently we see the price falling to the 2500 zone, so we...

DEEKOP

Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the...

DEEKOP

Yesterday's CPI news showed a sharp increase in price when it was announced and then a sharp decrease. This is a move to shake off the sellers so that the price can complete wave C. - The sharp decrease in wave C is still, in my opinion, the final shakeout before the price starts to increase to complete wave 5 I predict that this week the price will likely...

DEEKOP

Yesterday was an unusual bullish day, although we had profit with sell orders, the price increased to the 2476 area, which gave us an extended yellow wave 5, which also means that the black wave 3 has been completed - Currently the price is in the 4th wave correction, we expect a yellow ABC correction and this is an opportunity for us to trade in the direction...

DEEKOP

Looking at H1, we see that the 5-wave bullish structure is completing. Wave 4 has now completed and the price is continuing to complete wave 5 - Measuring the target of wave 5, we have 2 targets to pay attention to, the first is the 2435 zone and the second is the 2455 zone - Currently, the price has reached the target zone of 2435. Looking at the momentum...

DEEKOP

Yesterday we saw a significant rally that confirmed my bullish view from yesterday. - We see the price has broken above the 2406 zone so this price action has confirmed that the black wave 1 and 2 have formed and the price is currently in wave 3 - The characteristic of wave 3 is to move quickly and sharply, the target of wave 3 we measure will be in the 2428...

DEEKOP

Looking at H1, we see that after yesterday's decline to the 2380 price zone, the price has recovered to the 2396 zone. - Yesterday's decline, we wanted to see the price stop at the 2389 zone to confirm that wave 2 had ended and started wave 3, but in fact, the price has dropped deeply to 2380. Although the previous wave counting process has not been denied, the...

DEEKOP

Looking at H1, we see that we have achieved the target of wave 2 in yesterday's plan. Now we expect wave 3 to continue. The characteristic of wave 3 is a strong and sharp increase. Therefore, we expect a strong increase - Wave 3 is confirmed when the price breaks through the 2418 zone, then we will have a wave 3 target at the 2467 zone - Currently, we are in a...

DEEKOP

This past week we have seen a lot of volatile news that has affected the direction of gold prices With the unstable geopolitical situation causing large fluctuations in gold prices - Looking at H1 we see a completed ABC corrective wave structure. Following an ABC corrective structure we expect a 5 wave bullish structure. Obviously not excluding the possibility...

DEEKOP Updated 

Looking at H1 we see the ABC correction wave structure. Looking at the ABC correction model, we see that we are likely to have an unusual correction model, when wave C does not exceed wave A. - So now we need to observe to confirm whether the correction wave has ended - The confirmation condition is that if this downtrend closes above the 2413 zone, then we have...

DEEKOP Updated 

Looking at H1, we see that after this morning's FOMC news, we see that XAU has increased to the 2458 zone - As I analyzed in the previous plan, when the price breaks through the 2402 zone and then tests again and does not fall below this zone, the price will continue the 5-wave trend instead of the 3-wave ABC. - Regarding the trend, after the price follows the...

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After the 5-wave downtrend structure, we are witnessing an increase from 2354 to 2402 - So we will have 2 cases either the 5-wave downtrend structure has completed wave C then we have the current increase as a 5-wave structure, case 2 is the 5-wave downtrend structure above has just completed wave 1 in the 5-wave structure of wave C so the current increase is...

DEEKOP Updated 

Looking at H1, we can see that the corrective uptrend may have ended. - The price will continue to move in a downtrend to complete the purple wave C as shown on the chart. During the move to the target price zone of wave C, we see that at the 2374 treble line, this is the previous breakout price zone and has not been retested, so there is still a very strong...