Testing resistance, Above support - FOMC day
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
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
Commento:
Chart update
