Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

October 14th, 2015: GLD Wave Count Update

Posted by pugsma on October 14, 2015

4:30 pm EST:  GLD broke out of the 4-year down Cycle A (CA) down channel on the weekly chart and is following the primary (red) count higher in a Cycle B (CB) wave that should retrace 50% of the 185.85 to 103.43 Cycle A (CA) decline.  The 50% retrace target for CB is 144.64.  Within CB, Primary A (PA) is underway that should target the 123.50 pivot.  Within PA, major [3] is underway with a 1.62*[1] target of 119.35.  Within major [3], minor 3 is under with a 1.62*minor 1 target of 115.46.

GLD 4-hr chart (EOD):

PUG GLD 4-hr EOD 10-14-15

GLD daily chart (EOD):

PUG GLD daily EOD 10-14-15

GLD weekly chart (EOD):

PUG GLD weekly EOD 10-14-15

Sorry, the comment form is closed at this time.

%d bloggers like this: