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March 19th, 2014: GLD Wave Count Update

Posted by pugsma on March 19, 2014

5:10 pm EST:  GLD looks to be completing a nice 5-wave drop to the 127-128 support area for minor A of major [B]-PA.  There should be a minor B bounce to a retrace target at the 130.5 resistance before minor C completes major [B] the 50% retrace target of at 124.0.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 3-19-14

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 3-19-14

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