PaulDeep19131

PaulDeep19131

Hello traders, Gold has been consolidating in a range for quite a while and this is part of a larger high-top reversal pattern that will likely last until about the 3rd or so week of July. During this time, it is certainly possible for Gold to re-test 1750 or 1760 or even touch the 1780s. However, in the broader picture, there is a very low chance Gold spot...

PaulDeep19131 Updated 

Hello Traders! The title says it all. While its a little early to call when there will be some medium or longer-term consolidation or correction, there is a pretty reasonable chance the Silver market may want to target some older resistance peaks in the 20.25-20.50 range first. This is certainly Silver's decade. $150 Silver within 5 years is a conservative...

PaulDeep19131

Hi traders, Not too many changes from some of my prior SPX posts, but just a quick update here! In the near-term, the market will continue to fight with the 3180 level which represents an invalidation level at current time of the island top reversal. Eventually, this will be invalidated - so its only a matter of time even if we pullback prior to invalidating...

PaulDeep19131 Updated 

Hello traders, Gold certainly has been shocking to trade for the last while in that, for now, unlimited stimulus, US riots and a deteriorating DXY has been unable to push the yellow metal higher. This will change by the Fall of this year, however, Gold/Silver will be under fierce pressure in June, July and part of August. Unfortunately, today essentially...

PaulDeep19131 Updated 

Hello Traders, Currently we are undergoing a massive liquidity-driven melt-up that will likely last through June and July, and possibly some of August. However, it is likely we will experience another Bear Market starting sometime in the Fall to early Winter of 2020. Except this time, this Bear Market will be far more fierce and longer-lasting and "the real...

PaulDeep19131

Hello everyone, Not much has changed since my last post on the SPX; in this current "idea" in which I have provided, I have now illustrated my general view with respect to the remaining of our current year (2020). Currently, the market has and will likely top-out around the 3065-3085 range (reversal from 3068 as per today's market action). I would not be...

PaulDeep19131

Hello Everyone, I've decided to resurrect from the dead and post some analysis for people - I felt a little bad from all the PM's I received and felt I had to come back. :-) -- You may recall several weeks ago I noted that the market will remain bullish until (if) 2720 broke; hopefully some people listened to that advice as you would have made considerable...

PaulDeep19131

Hello traders, Gold futures confirmed the break-out not too long ago with a strong impulse move up-wards and spot prices are following concurrently. While slight pullbacks in our current upwards channel is possible, all pullbacks are buying opportunities at this stage. The strength in Gold can be further confirmed by new fresh record highs in other currencies...

PaulDeep19131 Updated 

Hello traders, Just a quick little update here... I continue to target the continuation of our second major ABC move here with the current status undergoing a C wave upwards. While the range is somewhere between 2899-3000, 2949 marks a key resistance level and as of this point we can set that as our initial target. Moving forward within about a 2-3 week...

PaulDeep19131

Hello traders, A lot of people are assuming that the rising wedge in Gold will seemingly breakdown and force new and lower lows in Gold, however, the overall pattern in Gold supersedes that of any near-term technical shape. While no one can predict the movement in anything with 100% accuracy, it is likely that Gold will butcher its way through the 1700s and...

PaulDeep19131

Hello traders, A lot of people have been messaging me asking if I can do an EW extrapolation on the current SPX environment, so I have gone ahead and done so. A few important general points: 1) This EW analysis I have depicted as charted is based on the mid-term. That is, it has nothing to do with might happen in 12 months, or even 6 months from now, so please...

PaulDeep19131

Hello traders, While it wasn't long ago I had a bearish bias towards Gold, this was as a result of myself believing there COULD be a near-term impulse wave down in equities, however, from latest movement and updated EW count, I believe the impulse down in equities will be somewhat delayed due to the Feds historic new "stimulus program" which is hard to predict -...

PaulDeep19131 Updated 

Hello traders, Another day seems to pass and its becoming redundant with the repetitive yet historic stimulus we continue to see in this market. In fact, if money printing could be in the Guinness Book of World Records, countries would certainly be all over that page. This recent bear market rally has been interesting for the markets: bad news is good news and...

PaulDeep19131 Updated 

Hello traders, I will keep the analysis brief because I have explained over the past several ideas my view-points on the market, whats going on and why we are seeing what we are seeing, but today I will provide a quick update! :-) With no confirmation as of yet that we are actually in an impulse and sharp Wave 5 downwards, we are actually still in an impulse...

PaulDeep19131 Updated 

Hello traders, I made a bold call several times initially a few weeks ago, and continuing a few days ago, however, it is becoming increasingly likely that my call may indeed pan-out. Gold always follows 10-12 week cycles with bottoms lasting in the final 3 weeks. This cycle likely threw all the bulls off because it has been exceptionally skewed, elongated and...

PaulDeep19131

Hello traders, In my opinion and analysis, the SPX will likely go higher in the coming days off of artificial optimism from the OPEC deal. While the equity market lately has found some sort of normalcy (we haven't seen anymore 10%+ declines), this is only short-term for what will likely be the next leg down to new lows sometime mid to late April and through the...

PaulDeep19131 Updated 

Hello traders, A lot of people continue to be over-exuberant on where Gold will go with the consensus seemingly to new highs beyond 1700: based on trend analysis we can see why. But will it actually? Analyzing history and other data-sets say not - and this is likely a "suckers" rally. While manipulation can be fierce in the commodity market ranging from oil...

PaulDeep19131

Hello traders, As per for the reasons I have outlined in my Gold idea, it is highly likely Gold and Silver have topped, or are near topping as a result of several underlying reasons (please see my Gold idea for the reasons why). In reality, a lot of traders will likely get trapped in what will likely be a massive bull trap before Gold plummets to 1390-1400 and...