My set of Sell orders intact

Price-action fluctuation and aggressive Volatility came as no surprise after today’s E.U. session opening which caused Stock markets to Trade sideways and add uncertainty on Gold which resulted as almost #5-10$ Hourly 1 Price-action fluctuation. Hourly 4 chart turned Bearish but Daily chart stayed Neutral, which may be hinting towards #1,912.80 again. I don’t think that Gold is ready for Bearish full scale reversal towards Lower levels yet, but surely I cannot rule out wider decline within #3 sessions. Price-action is Trading around the Resistance on Hourly 1 chart, indication of indecision ahead. Also, today’s Bearish Hourly 4 candlestick pattern is an indication of increased tension and negativity. At the moment Investors move their capital on equity markets, which are on hard Resistance levels. Gold prices are still on late August / early September consolidation levels and historical regression analysis shows that when Trading for long on those levels, aggressive decline follows on the aftermath. Besides this, nothing else supports the upwards argument since all Hourly charts are showing Bearish values but still Fundamental pressure is evident, since Stimulus negotiations are still present on the markets. As I said, prepare for huge Volatility/rally on Gold with Bullish/Bearish spikes all along. The price will come flat on U.S. session today (#92.18% chances), with Volatility projected to start two Hourly 1 Bearish candles before U.S. opening. I will manage the risk carefully and wait another opportunity to add additional set of Sell orders. Remember, what was an Support, becomes a Resistance when broken and same rule applies for Resistances (becoming Supports). I am fully Bearish on Gold’s Medium-term. My estimation even shows #1,750.80 possibility (Long-term) if #1,800.80 benchmark is broken. Weekly chart regressions show that Gold should continue Trading sideways for a few more weeks (aggressive Support and Resistance breaks). As Wall Street opening Bell approaches, Gold seemingly printed (#2nd in a row) Bearish Hourly 4 candle (# -0.44% on neutral MACD gradient). On a side-note, this marks the biggest #2 - #3 candle Bearish cohesion since October #21. Weekly candle should close on a near # -0.55% but the Monthly candle is still on an encouraging # +0.36%. I don’ need to analyze this more than once to spot that the current Daily Channel Down will allow a symmetrical #1,880.80 extension (the Monthly MA period) on the Monthly chart by end of the next week if today’s Wall Street opening don’t disappoint. This is of course very speculative even from a Technical standpoint as I will be reviewing my configuration day-by-day and hour-by-hour, but I cannot deny that Gold is on Bearish Short-term momentum (my estimation shows #1,914.80 semi-Resistance). However it is important to consider that Buying near Monthly rejection points is Technically not advised, especially when Keltner/Williams on both Weekly and Monthly on a clear Overbought condition and clear Double Top on Weekly chart. This suggests than only if July's #2012 High symmetrical to #1,580 then / now #1,880.80 is crossed, I can spot with certainty that Selling opportunity is worth taking. As I mentioned and Technically on the Medium-term, Buying is not favored unless those benchmarks break (#1,919.80). DX Trading near Resistance will add Selling pressure on Gold as I maintain my #1,880.80 Target.