I’m keeping track of the GLD on a daily chart and observe Harmonic patterns and their Potential Reversal Zones (PRZ).
Back in end of July, begin August, we mentioned on twitter how GLD was trading inside a PRZ, then on Sep 1st I mentioned how GLD had the potential of starting a CD leg higher, but it failed to do so. Mid September we got another alert for a possible CD leg higher, and this signal worked and subsequently GLD has now reached a PRZ of a Gartley pattern. The range of the PRZ is from 113 (113%BC) up to 114.8 (78.6%XA). Today and yesterday 113.96 (D of the AB=CD) has been resistance.