GLD chart is messy/unclear; preferred stance is to hold for a breakout initiating wave one (C-wave or wave-3) targeting recent highs.
“Avi’s Market Minute - September 23rd 2026: Gold, Silver & GDX at a Key Juncture”
ElliottWaveTraderPublished Sep 23 · 2 passages
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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.
Gold is not clear.
What this channel has said about $GLD
ElliottWaveTrader has 2 calls on this stock; only the adjacent ones are shown.
2026-09-23This one
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.
2026-08-26
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.
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