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October 1st, 2020: GLD Chart Update

Posted by pugsma on October 1, 2020

2:10 pm EST:  For the primary (white/green) count for GLD looks to have completed its minor 4 of major [3]-P3-C5 at the 174.00 pivot support at the 50% Fib retracement.  The minor 5 wave up to new highs above 194.45 should now be underway with an initial target at 202.07 where minor 5 = minor 1.  This primary (white/green) wave count remains valid for the minor 4 wave above the minor 1 was high at 164.42.  Below 164.42 the alternate (blue) wave count takes for with the C5 top at 194.45.

GLD daily chart:

Gold Technical Analysis

GLD weekly chart:

GLD Technical Analysis

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