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April 13th, 2020: GLD Chart Update

Posted by pugsma on April 13, 2020

The PY-CB wave has made another push higher that 159.37 to the PY=1.62PW target of 161.15.

Also the large IHS on the weekly chart with head at 100.23 and neckline at 131.15 has a target at 162.07.   GLD hit 162.38 today.

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

9 Responses to “April 13th, 2020: GLD Chart Update”

  1. JW said

    Steve,

    Are you considering any possible alternate bullish scenarios for GLD, in the event it moves higher than the 162 level?

  2. speedy358 said

    Thanks for the quick response. Where do you know you are wrong…what is the protective stop?

    Sent from my iPhone

    >

  3. lauter1 said

    Daily Gold has clear negative RSI divergence:

    Gold-D.png

    And 4hour showing a bearish wedge.

    gold-4hr.png

  4. Thank you very much for the update Steve.

  5. rat8nine said

    gld 60 and daily

  6. rat8nine said

    gld 60

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