Similar buy lagging SLV, the GLD is sitting on Support in a presumed 3rd wave. Needs to catch up here. Technical indicators also look coiled for a presumed move higher. Yellow count is an alternative view of the green count, with roughly the same targets. Differences in green and yellow are on the micro level...the formation of wave (i) of 3.
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Jv200909.
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Nick, there is a strong support for gld in the 125.20 area.