GLD Update

Still waiting for price to continue lower towards the target box. As I have said many times before, C waves can either be 3 or 5-wave moves. This appears as if it will be a 3-wave move based on the structure it has carved out thus far. I am of a mindset that we should move into the box within the next month or two. Gold in general just moves very slow the majority of the time. Every once in a while, it sees some volatility but that is very rare.

Should it make a new ATH before entering the box, then wave 4 is likely already over and was very short. This is not my primary thought process but nonetheless it is very possible.