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March 8th, 2021: GLD Chart Update

Posted by pugsma on March 8, 2021

GLD needs to hold the 156.50 pivot area support for the primary (white/green) count to have a chance of making a new high above 194.45. For P4 there is major [W]=[W] target at 154.79 and a 50% Fib at 152.76

Breaking below 131.15 confirms a very long term (like 15+ year) C5 top at 194.45 per the alternate (blue) count.

GLD daily chart:

GLD (Gold) Technical Analysis

GLD weekly chart:

GLD (Gold) Technical Analysis

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