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March 17th, 2020: GLD Chart Update

Posted by pugsma on March 17, 2020

11:55 am 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 73.75.

The Primary 1 (P1) wave should target the 123.50 pivot area.  Within P1 the major [1] wave looks to have completed at 136.12.   The major [2] wave should target the 50% Fib at 147.75.

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

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