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December 2nd, 2014: GLD Wave Count Update

Posted by pugsma on December 2, 2014

7:50 pm EST:  GLD still deciding between primary (red) and alternate (blue) wave counts.  The counts look about 51%/49% probability right now with slight edge to the primary (red) count as long as GLD remains below 124.36.

The primary (red) count is that GLD has completed the major [4]-P5-CA wave at 117.36 and will now make a new low below 109.67 to complete P5-CA.

The alternate (blue) count is that GLD has already bottomed in P5-CA at 109.67 and is now in a major [A]-PA-CB wave up headed for 125.0.  This alternate (blue) count remains valid above 109.67.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 12-2-14

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 12-2-14

GLD daily chart (EOD):

PUG GLD daily chart EOD 12-2-14

GLD weekly chart (EOD):

PUG GLD weekly chart EOD 12-2-14

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