Sept. 3rd, 2013: GLD Wave Count Update
Posted by pugsma on September 3, 2013
11:00 am EST: GLD looks to have put in the wave (3) of minor 3 of major [1]-P5 high at 137.55. The move down to 134.68 looks to be wave (4). I’m expecting wave (5) of minor 3 to reach at minimum a new high above 137.55. The minor 3 = 1.62*minor 1 target is at 142.56. Ultimately major [1]-P5 should end at the 143.5 resistance and a then the major [2]-P5
GLD 60-min chart (morning):
GLD 4-hr chart (morning):
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