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April 11th, 2013: GLD Wave Count Update

Posted by pugsma on April 11, 2013

GLD is again a key decision point near long-term support at 149-150.  A break below 149.44 will lead to the alternate (blue) count head for [Y]=[W] target for P4 in the 136 area.  As long as 149.44 holds, the next move for the primary count will be an aggressive wave up to 162 for minor 3 of major [1]-P5.

GLD 60-min chart (EOD):

PUG GLD 60-min EOD 4-11-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr EOD 4-11-13

GLD daily chart (EOD):

PUG GLD daily EOD 4-11-13

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