Micro GLD Update - Market Analysis for May 3rd, 2017

I just wanted to send out a micro GLD update for what "should" be the final 5 wave segment of this decline.   While 117 is the ideal point to hold, if we see further extensions, it can drop to 116, and still be an appropriate wave (2).

GLD 8min
GLD 8min
Avi Gilburt is founder of ElliottWaveTrader.net.