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July 13th, 2022: GLD Chart Update

Posted by pugsma on July 13, 2022

5:25 pm EST: There is good possibly that should GLD (Gold ETF) has completed the Cycle 5 (C5) wave in a failed P5 at 193.30 in March of 2022. However, it will take a break below 131.15 to confirm this.

GLD daily chart:

Gold Technical Analysis

GLD weekly chart:

GLD Historical Chat From 12-19-2013:

4 Responses to “July 13th, 2022: GLD Chart Update”

  1. Joe Schmid said

    Very interesting. Could this failed P5 fit with Bitcoin taking over some of the role that Gold traditionally fulfilled?

  2. pugsma said

    Notice my historical Gold chart from the year 2013. Gold was due to peak this Cycle 5 (C5) wave.

  3. pugsma said

    One important note here on SLV (silver ETF). SLV has already dropped below the P4 into P1 invalidation point. So if SLV is leading GLD lower, then the alt(red) count is correct.

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