August 15th, 2018: GLD Chart Update
Posted by pugsma on August 15, 2018
3:10 pm EST: GLD price hit 111.23 today. There are gaps to close at 110.47 and 108.86.
The red wave count has a major [B] expanded flat target at C=1.6*A at 111.83. From there the major [C]-PY-CB target is the 137.50 pivot. The red count become invalid below 107.00.
The blue wave count has the major [1] low head for the 107 area. For there a wave [2]-P3-CC target is the 50%/62% Fib retrace of 118.26/120.96.
GLD Daily Chart:
GLD Weekly Chart:
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