GOLD, GOLD, GOLD! - Update

GLD remains a STRONG BUY!

Target: $155

GLD Wave Count:

Wave 1: 350% Gain, 2313 Days, 6.3 years, ended: 9/11
Gains:

Wave 2: (46.07%), 1552 Days, 4.3 year, ended: 12/15

Impulse Waves:

1- 74.84% (Normal=Retrace>.236)

3-80.81% (Normal=1-1.618)

5-181% (200% of Wave 3)

Correction Waves:

2-(23.12%) - 212 days
4-(34.29%) - 154 days

Currently, GLD has formed a Bullish Leading Diagonal.
Primary Wave:
Impulse Waves:
1-5.68%
3-19.39%
5-14.04%

Complex Correction: ZigZag & Zigzag

ZigZag: (18.41%), 163 days

Second ZigZag: (14.25%), 202 days

Primary Wave 3 Target: $135-$155

Minor Wave Count:
Currently, in the Minor wave count we have completed waves 1,2,3, and 4. The 5th Primary Wave broke the extension trigger (.618/$117) which is causing the 5th impulse wave to extend. Also, if you draw a channel trend line from Terminal 1 to Terminal Wave 3 you will see that the 5th Wave has broken through the top of the channel. This is another indication of an extended 5th wave.

Will update.

-AB

Trade active

Comment:

Option Trade: 15 FEB 19 125 CALL: $.45

Sell entire position or at least 2/3 position at $1.00.

Comment:

15 FEB 19 125 CALL: .49 (Current Price)

Comment:

15 FEB 19 125 CALL: .62 (Current Price)

Comment:

Comment:

Option check: .72

Comment:

Option Check: .68

Comment:

Sold Position.

Trade was a double.

Trade closed: target reached

Comment:

Still Long Gold! Option Trade over.

Trade active

Comment:

18 APR 19 125 CALL $2.52

Comment:

Sell 1/2 postion @ $5.04

Comment:

New option trade.

Trade closed: target reached