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September 24th, 2014: GLD Wave Count Update

Posted by pugsma on September 24, 2014

12:50 pm EST:  GLD price should be ready for a strong bounce for the major [2] wave back to the 122.50 pivot, as major [1]-P5-CA comes to end here around the 114.46 pivot.  Major [1] could have ended at 116.58.  However, if the SPX makes another move above 2019 per the alternate (blue) count, then GLD major [1] might head for the 114.46 pivot before the major [2] bounce begins.

GLD 60-min chart (mid-day):

PUG GLD 60-min chart MD 9-24-14

GLD 4-hr chart (mid-day):

PUG GLD 4-hr chart MD 9-24-14

GLD weekly chart (mid-day):

PUG GLD weekly chart MD 9-24-14


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