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May 23rd, 2014: GLD Wave Count Update

Posted by pugsma on May 23, 2014

5:30 pm EST:  Primary count is still looking for GLD to trade down in the 117-118 area my mid-July to complete major [B]-PA-CB.   A break below 122.84 will confirm the primary count.  A move above 128.25 will confirm the alternate (blue) count that major [B]-PA-CB already bottomed at 122.84 and that major [C]-PA up is underway headed for the 148-150 area.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 5-23-14

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 5-23-14

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