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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
    Don

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