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):
GLD 4-hr chart (EOD):
GLD weekly chart (EOD):
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.