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Gold: 3rd Wave Price Target

|Includes: SPDR Gold Trust ETF (GLD)

Since the move has already started, I shall present the price targets for gold: the 161.8% lines I boxed in red.

Gold price targets

Remember, trail your stops. Protect your profits. If this is really the 3rd of a 3rd (see my previous post), there is no reason for price to pull back to the entry price stated in my previous post.

Disclosure: I am/we are long GLD.

Additional disclosure: My GLD is a longer term holding that has a gold spot target of around $1482.