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July 1st, 2013: GLD Wave Count Update

Posted by pugsma on July 1, 2013

12:00 pm EST:  It looks like wave (1) of minor 1 of major [1]-P5 is headed for a target near 123.0 to 123.50.  After wave (1) completes, I’m looking for wave (2) of minor 1 pull-back of about a 50% retrace to 119.0.  Ultimately, I have minor 1 reach the descending triangle break-down target near 130.0.

GLD 60-min chart (mid-day):

PUG GLD 60-min chart MD 7-1-13

GLD 4-hr chart (mid-day):

PUG GLD 4-hr chart MD 7-1-13

GLD daily chart (mid-day):

PUG GLD daily chart MD 7-1-13

GLD weekly chart (mid-day):

PUG GLD weekly chart MD 7-1-13

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