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Archive for the ‘GLD’ Category

Protected: September 17th, 2020: GLD Chart Update

Posted by pugsma on September 17, 2020

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Protected: September 2nd, 2020: GLD Chart Update

Posted by pugsma on September 2, 2020

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Protected: August 27th, 2020: GLD Chart Update

Posted by pugsma on August 27, 2020

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Protected: August 11th, 2020: GLD Chart Update

Posted by pugsma on August 11, 2020

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Protected: July 21st, 2020: GLD (Gold) Monthly Chart Update

Posted by pugsma on July 21, 2020

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June 23rd, 2020: GLD Chart Update

Posted by pugsma on June 23, 2020

GLD Monthly Chart:

GLD Technical Analysis

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May 7th, 2020: GLD Weekly Chart

Posted by pugsma on May 7, 2020

Continuing to keep an open mind on the Gold (GLD) forecast over the next 2 to 3 years.

For several years now, I’ve been looking for Gold  (GLD) to put in a Cycle B (CB) top in this $1600 to $1700 area (GLD $160 to $170) and head to new lows below $1000 (GLD below $100) for the Cycle C (CC) low near $800 (GLD $80).  This the primary (red) wave count on the charts.  GLD needs to remain below the recent 164.42 high to keep the primary (red) count valid.

However, now that Gold prices are here at $1750, it looks like the upward momentum (see MACD on GLD Monthly chart) maybe far too strong to reverse.  In fact I can see a potential bullish pattern on both the historical Gold chart and the monthly GLD chart that takes Gold above $2000 (GLD above $200).  The potential bullish Cup and Handle (C&H) pattern could take Gold to $2300 (GLD $230).  In this case Gold (GLD) reached a Cycle 4 (C4) low near $1000 (GLD $100) and is headed higher to $2280 (GLD $228) for the Cycle 5 (C5) wave.  This is the alternate (blue) count.  The alternate (blue) count makes some sense with all the unexpected US Federal Reverse stimulus ($6 to $10 Trillion) coming in to the markets over the next year or two.

GLD Weekly Chart:

Gold Technical Analysis

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April 24th, 2020: Gold (GLD) Chart Update

Posted by pugsma on April 24, 2020

It’s time to keep an open mind on the Gold (GLD) forecast over the next 2 to 3 years.

For several years now, I’ve been looking for Gold  (GLD) to put in a Cycle B (CB) top in this $1600 to $1700 area (GLD $160 to $170) and head to new lows below $1000 (GLD below $100) for the Cycle C (CC) low near $800 (GLD $80).  This the primary (red) wave count on the charts.

However, now that Gold prices are here at $1750, it looks like the upward momentum (see MACD on GLD Monthly chart) maybe far too strong to reverse.  In fact I can see a potential bullish pattern on both the historical Gold chart and the monthly GLD chart that takes Gold above $2000 (GLD above $200).  The potential bullish Cup and Handle (C&H) pattern could take Gold to $2300 (GLD $230).  In this case Gold (GLD) reached a Cycle 4 (C4) low near $1000 (GLD $100) and is headed higher to $2280 (GLD $228) for the Cycle 5 (C5) wave.  This is the alternate (blue) count.  The alternate (blue) count makes some sense with all the unexpected US Federal Reverse stimulus ($6 to $10 Trillion) coming in to the markets over the next year or two.

GLD Weekly Chart:

Gold Technical Analysis

GLD Monthly Chart:

Gold Technical Analysis

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April 23rd, 2020: GOLD Historical View and Possible Alternate Path

Posted by pugsma on April 23, 2020

For several years now, I’ve been looking for Gold  (GLD) to top out in this $1600 to $1700 area (GLD $160 to $170) and head to new lows below $1000 (GLD below $100).

However, now that Gold prices are here at $1750, it looks like the upward momentum (see MACD on GLD Monthly charrt) is far too strong to reverse.   In fact I can see a pattern on both the historical Gold chart and the monthly GLD chart that takes Gold above $2000 (GLD above $200).

This makes some sense with all the unexpected US Federal Reverse stimulus ($6 to $10 Trillion) coming in to the markets over the next year or two.

Gold Historical Chart:

Gold Technical Analysis

GLD Monthly Chart:

Gold Technical Analysis

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April 17th, 2020: GLD Chart Update

Posted by pugsma on April 17, 2020

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

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