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April 2nd, 2013: GLD Wave Count Update

Posted by pugsma on April 2, 2013

2:15 pm EST:  GLD price is at a tipping point between the primary (bullish) count that P4 has ended at 150.84 and the alternate (bearish) count that P4 is headed much lower to the 141 to 136 area.  I have updated both counts on the 60-min, 4-hr, daily and weekly charts below.

It looks like the 151.40/150.84 levels will be the key to watch for the primary count to remain valid.  There will be a full confirmation of the alternate (bearish) count on a break below 148.27.

GLD 60-min chart (mid-day):

PUG GLD 60-min mid-day 4-2-13

GLD 4-hr chart (mid-day):

PUG GLD 4-hr mid-day 4-2-13

GLD daily chart (mid-day):

PUG GLD Daily mid-day 4-2-13

GLD weekly chart (mid-day):

PUG GLD Weekly mid-day 4-2-13

This entry was posted on April 2, 2013 at 2:14 pm and is filed under GLD. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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