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March 27th, 2020: GLD Chart Update

Posted by pugsma on March 27, 2020

GLD has retraced to 155.66 just below the 88% Fib of 156.58 for major [2]-P1-CC.  The next move should be a major [3] wave to a target area of 123.50 pivot, where [3]=1.38[1].    The 23% Fib for major [4] is at the 130.5 pivot and then there should be a final major [5] wave down to 119.83 to complete P1-CC.

GLD Daily Chart (EOD 3-26-20):

Gold Technical Analyhsis

GLD Weekly Chart (EOD 3-26-20):

Gold Technical Analysis

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