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July 15th, 2014: GLD Wave Count Update

Posted by pugsma on July 15, 2014

2:45 pm EST:  As predicted the price of GLD was stopped below the 130.50 pivot completing the major [E]-P4-CA wave of the P4 triangle.  GLD should now be headed for the 100.50 pivot area.   The P5=P1 target is 97.65.   The GLD short-term count details shown on the 60-min chart below.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 7-15-14

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 7-15-14

GLD daily chart (EOD):

PUG GLD daily chart EOD 7-15-14

GLD weekly chart (EOD):

PUG GLD weekly chart EOD 7-15-14

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