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April 14th, 2014: GLD Wave Count Update

Posted by pugsma on April 14, 2014

12:25 pm EST:  GLD has reached the 50% retrace target of 128.40 for minor B of major [B]-PA-CB.  I’m now looking for GLD consolidate between 123.0 and 128.0 for waves minor C, D and E to complete the major [B] contracting triangle.  Once major [B] completes, major [C] should launch higher toward the target area of 143 (here [C]=[A]) to 155 (where [C]=1.62*[A]) to complete PA.

GLD 60-min chart (mid-day):

PUG GLD 60-min chart MD 4-14-14

GLD 4-hr chart (mid-day):

PUG GLD 4-hr chart MD 4-14-14

GLD weekly chart (mid-day):

PUG GLD weekly chart MD 4-14-14

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