Selling sequence ahead on Gold

As expected, Friday’s s opening offered flat E.U. session including Spinning Top’s (usual indecision candlestick). Besides the idle start, Stock markets were Trading on Weekly highs, DX was on a mini decline - but as mentioned on my previous analysis, the biggest marker on the Short-term are the Stock markets which are also Trading above Daily Resistance and constantly adding Bearish pressure on Gold and making dips on Weekly basis. Interestingly enough, notice how last week’s fall on Gold (Xau-Usd as always on my reports) # -0.39% was inversely symmetrical to the upswing on Stock markets # +0.47% during session on Wednesday. That is why I have this as my strongest market at the moment. However since Stocks Yearly Resistance is not far off, I expect Gold to make a Bottom soon (in fact it hasn't even reached the #1,765.80 strong Support). That’s why, I will make no strategy shift so far and will continue Selling the market. I am only expecting Gold to fall more under these conditions. If Gold don't break #1,765.80, it is going to be a ranged day on Monday but if it does, I may see a quite Bearish session. As for the Price-action, for now Gold was consolidating within #1,770’s, as expected. The movement was within my models and my outlook is unchanged. The Medium-term Bearish trend within Daily chart Rectangle is intact and should be seeing #1,747.80 first no matter what happens on Monday's E.U. opening, with #1,717.80 in extension. Gold was holding it’s ground on the Hourly 4 chart (Ranged session came as no Technical surprise) as the Price-action rallies, staying within Daily chart Rectangle but preserving the Bearish underlying trend. As long as Gold keep #1,788.80 intact, I give more probabilities to the downside - since Price-action failed to test Resistance and upper extension. The reason is the Bullish Intra-day trend on Stock markets (also Bullish Medium-term) and mixed values on Bond notes. The Price-action should soon connect with the Hourly 4 Support, which was a trend setter throughout June, and every time it didn’t succeed to hold, Gold dipped more than #27$ within #3 sessions. Personally, after weak session on Friday, I still favor going Bearish on the Medium-term, but ideally I would want to see a Higher Low broken firmly to be more certain. If situation develops according to plan, I will activate my second Sell order with #1,747.80 Target.