Gold about to break the Resistance fractal

Gold's general commentary: Mixed signals regarding the Intra-day direction on Gold where Price-action entered Neutral belt of #1,712.80 - #1,732.80 on Daily chart where the sequence more to the Bullish side, while Weekly (#1W) and Monthly charts remains critically Bearish. Monday's Bullish motion was rejected near #1,738.80 - #1,742.80 Resistance belt with DX on Selling sequence which confirmed once again how significant mentioned zone is, aswell gives me a hint that Investors are not interested in placing any kinds of bets ahead U.S. Rate decision, on another hand, marker speculators may push Gold Higher in order to achieve most optimal entry point for their Short positions and that's phenomenon alone adds High Volatility on Gold market. However, I am expecting slow pace Rectangle Trading to continue without any meaningful patterns to Trade by as current Price-action could be more or less stationary, even though DX is Trading comfortably near local High’s.


My position: Current Price-action holds no answers regarding Gold's Short-term direction, and if the trendline breaks, Gold may Target #1,752.80 extension. I will chose not to position myself ahead of the Rate decision as such High-impact announcements always brings turbulence to the markets. If #1,712.80 breaks, it negates probability of Bullish Short-term bias, however if #1,732.80 breaks on the Fed aftermath and market closes one full bodied candle above it, it will represent Bullish signal.