PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

December 13th, 2016: GLD Chart Update

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:

pug-gld-4-hr-12-13-16

GLD weekly chart:

pug-gld-weekly-12-13-16

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