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April 24th, 2014: GLD Wave Count Update

Posted by pugsma on April 24, 2014

12:55 pm EST:   The GLD Wave count is right on schedule.  It looks like wave major [B]-PA-CB may have bottomed today at 122.84, which was just above the 62% retrace target of 121.8.  The major [C]-PA wave looks to be underway with a minimum target of [C]=[A] at 142.07.  However there are higher targets which correspond to an IHS target at 150.57 and 50% retrace of target of 150.15.

GLD 60-min chart (mid-day):

PUG GLD 60-min chart MD 4-24-14

GLD 4-hr chart (mid-day):

PUG GLD 4-hr chart MD 4-24-14

GLD weekly chart (mid-day):

PUG GLD weekly chart MD 4-24-14

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