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September 18th, 2015: GLD Wave Count Update

Posted by pugsma on September 18, 2015

1:00 pm EST:  GLD continues to struggle and remains in the down channels across all three time frames (4-hr, daily and weekly), so the blue count with the Cycle C (CC) wave headed directly to the 81-86 target area must be respected until the down channels are broken.   The levels of 112.12 and 103.43 remain the key short-term areas to watch per the E-wave counts.   A break above 112.12 could trigger the red count with a Cycle B (CB) bounce to 145 over the next year, after which there will still be Cycle C (CC) wave back down to the 86 area.

GLD 4-hr chart:

PUG GLD 4-hr 9-18-15

GLD daily chart:

PUG GLD daily 9-18-15

GLD weekly chart:

PUG GLD weekly 9-18-15

 

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