Get started
SPDR Gold Trust
Long

GOLD-GLD-Initiate-BUY-Cycle Wave 3

By FibMarketWatch
Updated
GLD
GOLD

Initiate: BUY

Gold has completed Cycle Wave 1 and Cycle Wave 2.

Cycle Wave 3 is now beginning (Based on GLD Chart)...

Cycle Waves:
snapshot

Cycle Retrace: 50%
snapshot
snapshot
Days: 1583
Draw-down: 46.47%

Daily Chart: Primary Wave Forming

snapshot
snapshot

Sub-Waves:
snapshot
snapshot

Extension Trigger:
snapshot

Targets:
Near-Term: 6 days
Near-Term: $117-$120
Near-Term Extension: $120-$124

Primary Wave estimated to last between 364 and 448 days based on Fib time
snapshot

Will update.

-AB










Comment
snapshot
Comment
snapshot
Comment
Target Hit.
Comment
Looks like it wants to move higher...
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
Just changed Wave count characters for easier viewing...
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
$119 is a key level to break...
Comment
snapshot
Comment
After $119, then $124 level will trigger a higher degree extending wave....
Comment
If $124 breaks then it would trigger an extending 3rd Wave...
Comment
snapshot
Comment
snapshot
Comment
Key Level = $119.55

If the key level is broke it will trigger an extending 5th Wave...
Comment
snapshot
Comment
GLD price-action looks good.
Comment
snapshot
Comment
snapshot
Comment
5th Wave Extension has been triggered.
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
We are in Primary Wave 5...

Primary Wave 5 is extending...
Comment
GLD is forming a HUGE Bullish Leading Diagonal....

snapshot
Comment
GOLD is set for a MAJOR BREAKOUT!
Comment
Near-Term Target = $130.00
Comment
I do not see any major pullback until we approach $140-$150 Levels.
Comment
snapshot
Comment
snapshot
Comment
Gold heading straight to $130!
Comment
Looks like I got a dislike...

If you do dislike please leave a comment on WHY?

Appreciate the feedback...

snapshot
Comment
snapshot
Comment
snapshot
Comment
GLD still on track for $130...

Stay the course...
Comment
SPX vs. GLD

snapshot
Comment
snapshot
Comment
snapshot
Comment
Also, puzzled how I could get a dislike when the Analysis already hit its target...

But, I digress...

Probably still lurking too...

snapshot
Comment
Redo Analysis...

Added Trend Lines

Added Sine Wave

Added Wave Counts

Added SPX

Added Spirals
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
GOLD GOLD GOLD!
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
Analysis Target Hit.

Will update with new idea shortly.
Trade closed: target reached
buyChart PatternselliotwaveanalysisGLDGoldTechnical IndicatorsLONGWave Analysis
FibMarketWatch
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.