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December 12th, 2017: GLD Chart Update

Posted by pugsma on December 12, 2017

6:30 pm EST:   GLD price (117.40 low today) is at a critical juncture here just above the 114.80 low and the 200-week average (117.91).  For the bullish red wave count to play out during year 2018, the 114.80 low must hold.   A break-down below 114.80 confirm the very bearish blue wave count for the year 2018.

GLD 4-hr chart real-time link: http://www.freestockcharts.com?emailChartID=24360839-518a-421c-a6c3-4e3d1dd478b5

GLD 4-hr chart:

Gold Technical Analysis

GLD daily chart:

Gold Technical Analysis

GLD weekly chart:

Gold Technical Analysis

 

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