The chart above is the weekly gold (GLD) chart and the one to the left is the daily chart. This is configured by a Gann software offered by Patrick Mikula. It has an Square of nine that you can set manually or it prompts auto set on loading. I set the Square of nine zero degrees at the top for a projection level for the downtrend. He also has a Gann trend oscillator ( white line) that signals a positive or negative trend.
Theres also a toolbox of oscillators for almost everyone. I've also chosen the Linear regression line tool (red) . The Lines of most concern are the Degrees of resistance and support lines. (fuchsia). The Intra-day action today in gold, gld, gdx, had an bullish look to it. But looking at an different Type of technicals...not so much.
I was watching most of the day and have an 60 minute count in mind,but nether the less the (b) wave still needs to be broken on the upside to confirm a turn. The (b) wave is also at the 132.11 level.
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