themarketzone
Short

Testing the top of the sell zone

AMEX:GLD   SPDR GOLD TRUST GOLD SHARES NPV
$GLD is now testing the top of the sell zone I mentioned in previous analysis (see linked idea).
It is too early, but we may see another daily Pinbar following a breakout attempt that will lead to bearish reversal in the following weeks.
Next FOMC will definitely have impact on Gold and the USD so this Cypher pattern may remain inside the PRZ for a while, but it is defintely a pattern to pay attention to.

First target - 118$
Secondary Target - 114$
Final Target - 110$
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