Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

August 1st, 2019: GLD Chart Update

Posted by pugsma on August 1, 2019

Gold analysis right on track to reach the first target for PY=PW at 141.98.

GLD daily chart:

Gold Technical Analysis

GLD weekly chart:

Gold Technical Analysis

9 Responses to “August 1st, 2019: GLD Chart Update”

  1. Do we think gold has topped?

    • rat8nine said

      gold has a habit of violating up sloping trend lines before reversing, so I would keep an eye on that possibility.

  2. rat8nine said

    gld daily…..up in the area shown by Steve

    also, gdx

  3. Thanks, just will wait….

  4. rat8nine said

    gld 60 – this is starting to get interesting…

  5. rat8nine said

    gld daily – closing in on 145.70 area, and mid to late september looks to be of interest from a median line perspective as well….

  6. pugsma said

    GLD 60-min chart has a well defined head and shoulders top with head at 144, neckline 141 and target of 138 on a break below the neckline of141.

  7. Thanks

  8. Remembering gold and 2008.. i am wondering if gold will ramp after we hit 3051 or there abouts. In 2008 gold ramped when the market fell, or another question is, where do we know that wave 5 has ended????? Thanks

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: