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March 12th, 2020: GLD Chart Update

Posted by pugsma on March 12, 2020

3:55 pm EST:  GLD looks to have topped the Primary Y (PY) of Cycle B (CB) wave at 159.37, just above the weekly IHS target of 158.81 and the daily chart bull flag target at 157.45.

The Cycle C (CC) wave should be underway with a CC=CA target of 72.91.

The Primary 1 (P1) wave should target the 130.50 to 123.50 pivot area the fall of 2020.

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

GLD Technical Analysis

3 Responses to “March 12th, 2020: GLD Chart Update”

  1. rat8nine said

    gld daily

  2. Thanks for the update…

  3. Steve, is the recent move down to 136 still fit with your chart label projections, i.e. 136 being 1?
    If so, any projection for the potential price levels for wave 2 that I assume we are now in currently at 145.50?

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