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December 23rd, 2014: GLD Wave Count Update

Posted by pugsma on December 23, 2014

Dec 29th, 2014:  GLD 60-min chart and real-time link added below.

GLD 60-min chart (12-29-14):

PUG GLD 60-min 12-29-14

2:10 pm EST:   Gold should continue lower towards $1000 as the primary count on the SP-500 heads much higher toward 2524 during 2015.  The GLD primary count for major P5-CA is headed lower toward the original P5=P1=97.51 target.  A break below 109.67 before above 124.36 will confirm the primary wave count for GLD.  The alternate (blue) count P5-CA bottom set at 109.67 will require a break above 124.36 before below 109.67 to confirm.

GLD 4-hr chart (EOD):

PUG GLD 4-hr 12-23-14

GLD daily chart (EOD):

PUG GLD Daily 12-23-14

 

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