GLD - A Little More Down and then to New Highs

13 февр.

GLD is exhibiting a 5-3-5 zig zap correction pattern. We appear to be in the C wave in the third move with a wave 4 and 5 yet to complete the formation. Price is also approaching the .382 fib level, often a good retracement level. Next upmove should be explosive with many projecting to the 230 level.