April 17th, 2019: GLD Chart Update
Posted by pugsma on April 17, 2019
11:50 pm EST: The weakness in GLD since the 127.21 high is clearly a significant wave lower and thus has been re-labeled at major [B]-PY-CB. The typical B wave 50% Fib is at 119.14 (red labels). However, on the daily chart there is a clear head and shoulders top at 127.21, neckline at 121.02 and target of 114.85. This would agree with a major [B] wave 62%/78% Fib retracement at 117.20/114.6 (blue labels).
GLD Daily Chart:
GLD Weekly Chart:
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.