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May 2nd, 2018: GLD Chart Update

Posted by pugsma on May 2, 2018

GLD 4-hr chart:

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GLD daily chart:

Gold Technical AnalysisGLD weekly chart:Gold Technical Analysis

 

10 Responses to “May 2nd, 2018: GLD Chart Update”

  1. rat8nine said

    gld 60 – either a consolidation around the .50 or something completely different. I have no clues for this until either the 123.50 area or the 129.50 area are broken

  2. rat8nine said

    gdx and nem 5

  3. I am not sure how many are watching here, but GLD has blasted below the 123.50 pivot with a gap. I suspect this supports the blue alternate count.This has not invalidated the red primary, however.

  4. rat8nine said

    dust 15 – then and now – in median line trading, there was a potential reversal down around the .786 area, with a first target at the median line today at the open.

  5. rat8nine said

    nem 60 – as bearish as this looks, given the reversal yesterday at the .618, nem has a key fib zone in the 38.90 area

    34.07 – 41.98 = .382 at 38.96
    35.85 – 41.98 = .50 at 38.92
    36.96 – 41.98 = .618 at 38.88
    38.67 – 40.84 = .886 at 38.92

  6. rat8nine said

    gdx 15 – line to line

  7. rat8nine said

    gld daily – opex week has a way of driving prices to a inflection point, and this week was no exception. Gld seems to finds itself in a key area for both counts. for the bull count, 117.40 – 129.51 = .618 at 122.03.

  8. rat8nine said

    It seems as though gld and the miners are in a key area again, after defending a key area yesterday morning…..nem in the .382 zone after bouncing up off the trend line:

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