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July 1st, 2015: GLD Wave Count Update

Posted by pugsma on July 1, 2015

11:20 am EST:   GLD is at a cross-road here at the 112 area just above the 109.67 low.  If GLD breaks the 109.67 low, then the original GLD wave count (now the alternate blue) looks to be correct with Cycle C (CC) headed below 100 to the 60-80 area over the next year.  If however GLD can break above 125.58, then the primary count on GLD calling for move up to 148 to 157 area for Cycle B (CB) over the next year would be correct and the Cycle C (CC) low will still be the same 60-89 area but delayed a few years.   For the time being will keep GLD charting to the big picture weekly chart until some clarity in GLD’s next directional move becomes more clear.

GLD Weekly Chart (7-1-15):

PUG GLD weekly chart 7-1-15

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