December 13th, 2016: GLD Chart Update
Posted by pugsma on December 13, 2016
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on December 13, 2016
4:10 pm EST: With +Div setting up on the GLD 4-hr MACD, the P1 of CC wave looks to be ending here at the 109.67 pivot target. There should be a P2 wave move up of at least a 50% Fibonacci retrace to 120.41.
GLD 4-hr chart:
GLD weekly chart:
This entry was posted on December 13, 2016 at 4:10 pm and is filed under GLD. Tagged: Elliott Wave Technical Analysis, Gold Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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