$GLD
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How ElliottWaveTrader’s view on $GLD changed

Channel profile →2 entries
2026-09-23
“Avi’s Market Minute - September 23rd 2026: Gold, Silver & GDX at a Key Juncture”
GLD chart is messy/unclear; preferred stance is to hold for a breakout initiating wave one (C-wave or wave-3) targeting recent highs.

Um gold and gold is probably the most messy of the charts. My preference in gold would be to hold here, and then begin and then break out and begin your wave one of what's either a C wave or wave three.

That has yet to be decided. Minimally, you're looking up here. But, I'd like to see this wave one take us back towards the recent highs. Okay? That's what I'd like to see. And it makes the most sense if this begins the rally pretty soon.

Watch the source01:59
2026-08-26
“Avi’s Market Minute - August 26th 2026: Update on Gold, Silver & GDX”
Gold is more likely to retrace than make a lower low, but no top is confirmed; a break below 4600 support would increase pullback likelihood.

As far as gold is concerned, again, gold I I don't think has a strong potential for a lower low. Still within the realm of a reasonable possibility more so than I would prefer.

And I'm leaving that on the chart, but I think it's a bit more likely that gold just gets a retracement rather than a lower low. Now, I'm going to warn you I still have no indication that gold has even topped.

I need to take out the 4600 support for gold to make it more likely that we are in that pullback. And as you can see, I mean it's looking like we are getting a corrective pullback so far.

Could this be a one two to the downside? It could be, but I'm not I'm not I'm not jumping on that. Not just yet. I want to see how we get below support before I make any further determinations of bigger downside. For now, this is what I'm looking for.

Watch the source04:26
KOL Says