Gold is Bearish on Medium-term / set of Sell orders intact

Gold is 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 #1,935.80 Resistance intact, I give more probabilities to the downside - since Price-action failed to test Resistance and upper extension. The reason is the yesterday's Selling Intra-day trend on Stock markets (but Bullish Medium-term) taking strong hits and mixed values on DX. The Price-action should soon connect with the Hourly 4 Support (#1,898.80), which was a trend setter throughout September #4, and every time it didn’t succeed to hold, Gold dipped more than #27$ within #3 sessions. Personally, after weak Bullish E.U. opening today, 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 (#1,898.80 - #1,892.80 - final line of the defense). Gold stabilized Williams% levels and can now proceed with Selling bias. If situation develops according to plan, I will activate my additional Sell order with towards #1,880.80 extension. Regarding non-commercial sector, it is strongly on Bullish side, but commercial sector (way more important) with only #116,429 Buy positions - heavily outnumbered with Sell positions (#401,084) which means that Investment banks and multiple conglomerates are heavily on Selling side with more Selling positions in total than Buying ones. Asian session Lower High Bull trap towards #1,914.80 was almost delivered (#1,919.80 the Top at the moment) on a very strong Hourly 4 candle as the Channel Up attempted to bring yesterday's Oversold Hourly 1 chart levels to a balance. As I mentioned earlier, I have used this level to contemplate a re-Sell, based on the Technicals, but without any Medium-term profitable pattern (which I always look for), I doubt my order as I see no reason to enter it/not worth a risk (additional Sell order). This pull back was led by DX (yesterday's Bearish candle # -0.46% towards #93.00), and Stock markets on a recovery (Fundamental sentiment) which made me hold my original Sell positions until new Price-action opportunity emerges. The week is now almost flat (# -0.04%) but the Monthly candle will close near a respectable # -0.37%. This remains an undisputed Medium-term Bearish trend. Always consider the Medium-term trend when determining your positioning along with the highly correlated instruments (DX and Stock market). For Medium-term Traders, the trend is still Bearish so a practical suggestion would be to Sell every rise to the Rectangle's Support within #14$. I remain Bearish (Medium-term), but without good Risk/Reward ratio, I won't risk more. On such pace it is not impossible to close the week on marginal dips (now # -0.60%). The Monthly candle however remains on a mere # -0.37% and below is a negative close, so practically the Bearish Short-term is unchanged. Market is still moving on Stimulus hopes and can turn on any direction, so my suggestion to Short-term Traders (smaller margins) is to keep away from the market.