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themarketzone

Testing resistance, Above support - FOMC day

SPDR Gold Trust (AMEX:GLD)  
themarketzone Updated   
AMEX:GLD   SPDR Gold Trust
Trend Analysis Harmonic Patterns GLD Gold XAUUSD DXY SPDR S&P 500 ETF (SPY) FOMC
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trendanalysis harmonicpatterns gld gold xauusd dxy spy fomc
GLD has reached a daily resistance zone that includes:
1) Downtrend line
2) Bottom of a broken channel

That supports a potential bearish move towards 115

But..
GLD is also above support right now:
1) 200 MA line
2) Structure

Trading scenarios displayed in the chart:
1)Bullish - Breakout above trend line
2) Bearish - Breakdown below 200 MA line

Comment:
Chart update
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