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December 6th, 2013: GLD Wave Count Update

Posted by pugsma on December 6, 2013

6:10 pm EST:  GLD continues to struggle and is nearly below the invalidation point for the primary count at 114.68.   For the primary count there is a potential GLD major [2]-P5-C5 low in place at 117.23 at the 88% fib retrace of major [1]-P5-C5.  However, it will take move back above 124.91 to begin to confirm this primary count.   A move below 114.68 will confirm the alternate (red) count.  See the 60-min chart for near-term count details.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 12-6-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 12-6-13

GLD weekly chart (EOD):

PUG GLD weekly chart EOD 12-6-13

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