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June 19th, 2014: GLD Wave Count Update

Posted by pugsma on June 19, 2014

12:15 pm EST:  Updated GLD charts below.  The P4-CA triangle continues to slowly unfold over the past year.  It looks like wave major [D]-P4 bottomed at 119.42 and major [E]-P4 is now headed for the 130.5 pivot to complete the P4 triangle in the fall of 2014.  P5-CA should make fresh new lows below 114.46 in 2015/2016.  The P5=P1 target if 98.84.

GLD 4-hr chart (mid-day):

GLD 4-hr chart MD 6-19-14

GLD daily chart (mid-day):

GLD daily chart MD 6-19-14

GLD weekly chart (mid-day):

GLD weekly chart MD 6-19-14

 

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