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January 24th, 2014: GLD Wave Count Update

Posted by pugsma on January 24, 2014

GLD continues to follow the primary wave count.  Assuming the recent wave ii low of 119.17 holds, the next target is up at the 125 area for wave iii of minor 3 of major [A]-PA-CB.  The wave (3) target is near 126 and the minor 3 wave target is 127.   The major [A] target is at 132.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 1-24-14

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 1-24-14

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