TradingView
broughro
Jul 13, 2016 12:21 AM

If you didn't before, lock in profits now... Short

SPDR Gold TrustArca

Description

Minor wave (A) appears to count complete after stopping just shy of the previous minor wave (4) high; a common termination for an initial counter-trend advance.

Expect GLD to now correct downward in overlapping waves to approximately 114 before launching higher in minor wave (C)...which should be the end of the counter-trend advance before resuming the larger trend down well below 90...
More