Volatility and ranging movements on Gold / Selling bias intact

Recapitulation of current movements: Gold is extending the sideways action, following the continuation of the former Hourly 1 chart’s Channel Up, as Bond Yields and DX are Trading on huge gains for the #2nd straight session (DX comfortably Trading above the Hourly 4 chart’s Resistance zone and Bond Yields on spiral uptrend), current environment is far away from Gold friendly (should aggressively spike downwards) but on my surprise, Gold not only got rejected below #1,750.80 Support zone, Price-action delivered miraculous recovery with every candle against the Technical and Fundamental trend which made me question the matter of market manipulation, where market speculators are manually preventing Gold’s meltdown (for #7 straight sessions currently), besides all Bearish signs, current configuration is irrational to a great extent. Firstly, throughout Wednesday's session, Fundamental reading better than expected (which should spike DX upwards), pushed DX on the opposite side, without any firm reasons, and Gold Naturally went once again within Neutral Rectangle. Similar sequence throughout yesterday's session, from very own E.U. session opening, DX was soaring along with Yields, as I was expecting estimates better than the forecast on ADP. However, on the announcement aftermath, Gold recovered without any viable reason which I am in search for, and is now Trading near Short-term Resistance zone. Besides heavy Selling Technicals and Selling pressure from Fundamental side, market speculators prevented the decline once again, where my statement that speculators wipe out retail Traders firstly and then deliver a major move, but I won’t be easily lead to believe that Gold made switch regarding the Short-term trend.


Technical analysis: As firstly suggested that the Hourly 4 chart is showcasing Higher Low sequence and clear support at #1,750.80, which makes Gold hard to pass the #1,740's barrier. Now Gold has has effectively (without valid reason) reached the Resistance level. Sellers should start planning how to position themselves ahead of NFP, as a rise above next Resistance is pure speculation, especially given the Bullish Daily chart on DX. I am expecting a gradual downturn (Weekly) Cross, before I can confidently discuss steeper fall. At the moment Daily chart is being rejected near the upper line of Channel Down, as I need to be extra cautious at the moment and beware of new Bullish spike. My indicators are set again for another leg downwards, aiming break of #1,750.80 and Trade below this time. Gold shows no apparent signs of stopping its Bearish direction as I am heavily on the Selling side, and my view has not changed since the last run upwards.


My position: As I was operating with Selling order (#1,752.80 entry point), Gold reversed as it was explained above why. I have moved my Stop-loss all the way towards #1,767.80 Resistance, and my position was almost closed, but Price-action got rejected as I managed to close the order on #1,760.80 vicinity with #8 point Stop-loss hit. I would comfortably hold my order on normal Trading conditions, but since these are irrational sessions (with constant side Swings), I have closed my order because of #2 reasons. #1) I don't expect much from today's session, #2) High impact Fundamental announcement, NFP. I have to be careful with positioning ahead of the report (which I cannot do with engaged position), as market speculators can postpone the meltdown, but cannot prevent it.