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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:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

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