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January 25th, 2013: GLD Wave Count Update

Posted by pugsma on January 25, 2013

5:55 pm EST:  GLD failed at the 164-165 resistance area and the primary count is that wave (2) of minor 1 of major [3]-P5 is playing out as a flat with a target of about 159.  A failure hold the major [2] low of 158.39 would lead to the alternate (blue) count where major [2] will like drop to the 78% retrace target area of 154-155.

GLD 60-min chart (EOD):

PUG GLD 60-min EOD 1-25-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr EOD 1-25-13

GLD Daily chart (EOD):

PUG GLD Daily EOD 1-25-13

GLD Weekly chart (EOD):

PUG GLD Weekly EOD 1-25-13

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