GLD - Almost to the target box

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Price is on the verge of entering my target box for intermediate wave (A). I have drawn some new fibs (yellow) to track the minor C wave lower and refine our target area. As you can see, the 2.0 extension fib falls within the expected target area. I have also added on the 2.382 & 2.618 in the event that this thing wants to extend lower. I imagine that wave (iv) will complete within a week or two. After which price should continue heading lower to complete (A).

Judging by the rest of the pattern, I would say (A) looks like it will likely complete in the next 2-4 weeks. Sound familiar? I think many tickers will be bottoming from now until then at which point the broader market will have a decent move higher. Time will tell, but I like what I am seeing in regard to GLD.

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