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July 9th, 2018: GLD Chart Update

Posted by pugsma on July 9, 2018

The red count looks like a major [B]-PY-CB completed as a flat wave (double bottom) of 117.40 with the major [C]=[A] target of 138.72.

The blue count needs to keep falling towards the 107.00 level in major [1]-P3-CC.

GLD daily chart:

Gold Technical Analysis

GLD weekly chart:

Gold Technical Analysis

4 Responses to “July 9th, 2018: GLD Chart Update”

  1. rat8nine said

    abx, nem, gdx 15

  2. rat8nine said

    gld daily – would appear to be at a make or break area here for all the counts, with a poke below 117.40 not to 117.36. Even it the blue count wins out, a local failure to break down here if the bear side blinks could set up a reasonable bounce. Interestingly enough, the dollar is down slightly along with gld this morning.

  3. pugsma said

  4. rat8nine said

    gdx 15 – line to line

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