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.

September 3rd, 2019: GLD Chart Update

Posted by pugsma on September 3, 2019

GLD has a chance to reach the 5 year old basing pattern, inverse head and shoulders (IHS) target at 158.81.  The 148.50 to 156.50 pivot should be the completion area of the PY-CB wave.

GLD daily chart:

Gold Technical Analysis

GLD weekly chart:

Gold Technical Analysis

8 Responses to “September 3rd, 2019: GLD Chart Update”

  1. pugsma said

    GLD just did a 23% Fib retrace for minor 4 wave from 146.82 to 140.67.

  2. Thanks

  3. rat8nine said

    gdx 15 and 60 at the low on Friday:

  4. rat8nine said

    gld 15 – three hits on the red trendline….double 1.128 external retrace:
    140.85 – 146.82 = 1.128 at 140.09
    140.16 – 143.09 = 1.128 at 139.78

  5. rat8nine said

    gdx 60 – gld dropped to an external retrace of 1.128 while gdx went right to .786 rt….wave (2)?

  6. Does gold have a bottom or did we see the top??? Thanks

Leave a Reply

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

You are commenting using your 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: