Deciding session for Gold / Bearish Gold

Nothing out of the ordinary as yesterday's rebound is sustained and Gold is about to test the Higher Low trendline again of the Hourly 4 Channel Down. This should keep me ready and prepared to engage my Selling sequence with set of Sell orders. Even if the Channel Down breaks upwards, Gold still has the Hourly 4 #MA200 to break - if Buyers want to revive the Bullish sentiment, as the Hourly 4 #MA200 has been rejecting the Price-action since the start of the week. However the Daily chart is on a wide Channel Up still, which made a perfect Lower High bounce yesterday, so the Medium-term Bearish trend is so far intact. As expected, strong Selling pressure on Gold is surely visible but Gold is defending the first Support quiet well. What is keeping Gold above the Support are declines on both Stock markets and Bond notes, taking strong hits on Wall Street opening Bell. Hourly 4 chart #MA200 break restores Bullish trend, below Gold is calling for Selling extension. Remember when you are uncertain of Gold's trend, look for pointers at the underlying correlating instruments. As Gold still tries to achieve an equilibrium with DX (currently on mere # +0.05% DX, and # +0.47% Gold / focus on Daily numbers), DX still losses more value than Gold does. At this point it is essential to either choose a range to Scalp or engage Medium-term position (what I will do). When the Price-action rejects the trend more than #3 times (which is the case currently with Resistance (September #1), means that Buyers intent is not that strong and bigger proportion Selling leg is possible if Support breaks. I personally remain Bearish on Medium/Long-term. A break below #1,924.80 will see Gold test the #1,900.80 psychological barrier and even #1,882.80 in extension. One aspect to keep in mind: there is Death Cross formation on both Hourly 1 and Hourly 4 chart (last time it occurred was October #10, #2012 Year), so it is no coincidence that Gold is both Technically and Fundamentally equipped for the decline. On the other hand if the Resistance of #1,955.80 breaks, my outlook could be postponed but not invalidated. It all depends on Stock markets and if they can sustain this Bearish rebound early on which is adding Buying pressure on Gold. Technically there is room for Bond notes to grow much higher, so Gold will be under more Selling pressure, especially if the Stock markets resume their recovery and Bullish trend (right now they are pulling back and is the reason Gold hasn't fallen more already). On today's session, there is NFP announcement, but bot ways Gold is a Sell option on Medium-term. I am ready for Selling sequence on Gold.