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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

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