Worst scenario for GLD but unlikely.

Wait 5 sec.

Worst scenario for GLD but unlikely.SPDR Gold SharesBATS:GLDxtremerider8I would not be surprised if GLD pullbacks to the 320 to 330 zone for a W4 bottom. Here’s why: 330 is the 50% retracement of Wave 3 parabolic move. 320 is the Fib 1.272 retracement level Wave 5 is definitely another big move up but be cautious calling a W4 bottom.