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June 1st, 2015: GLD Wave Count Update

Posted by pugsma on June 1, 2015

3:30 pm ET:    GLD looks to have bottomed wave (2) of minor C of major [W]-PW-CB between the 78%/88% retrace targets of 113.51/112.95.  Wave (3) should be underway with a target at 127.88, where (3)=2.62(1).  PW-CB should reach the 132-135 area later this year.  Primary GLD wave count remains valid above 112.28 and if 112.28 breaks then above 109.77.

GLD 60-min chart (EOD):
PUG GLD 60-min EOD 6-1-15
GLD 4-hr chart (EOD):
PUG GLD 4-hr EOD 6-1-15
GLD daily chart (EOD):
PUG GLD daily EOD 6-1-15
GLD weekly chart (EOD):
PUG GLD weekly EOD 6-1-15

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