June 11th, 2014: GLD Wave Count Update
Posted by pugsma on June 11, 2014
12:15 pm EST: Below is are the updated GLD charts and wave count. Looking for GLD to stay below 123.53 and then move lower to re-test the 114.50 flat bottom of the descending triangle for wave major [D]-P4-CA. From the 114.50 pivot, GLD should then move back up the 130.5 pivot for complete major [E]-P4 later this fall before P5-CA drops below 100 going into the year 2015.
GLD 60-min chart (mid-day):
GLD 4-hr chart (mid-day):
GLD daily chart (mid-day):
GLD weekly chart (mid-day):
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