Selling order active / #1,800.80 on the cards / NFP aftermath

Technical analysis: Besides Daily chart's December #5 trendline break to the downside (and market closing below), Hourly 4 chart's former aggressive Descending Channel, DX testing #106.100 Short-term Resistance and on top of that, Fed's hawkish bets as enough Fundamental catalyst / besides all Technical and Fundamental Selling elements on Gold, Price-action once again managed to form a Bottom near #1,800.80 psychological benchmark (market speculators manually preventing the downtrend) and delivered strong Intra-day #27+ point recovery. It is Highly important to note that Gold always repeats it’s cycles and allow me share the configuration which was evident on the charts: On November #11 - #12 variance, Gold dipped throughout E.U. session towards the #1,856.80 and as market closing approached, Bought back the dip and closed the market session near #1,884.80. On November #16 (cycle fractal), market sentiment delivered almost the same movement, decline towards #1,864.70, and tomorrow’s session market closing near Weekly High priced at #1,895.80 (again similar scenario). Throughout yesterday's session, E.U. opening was flat but as Wall Street approached, Price-action dipped on an aggressive spike towards #1,812.80, and Bought back just within few Hours time towards #1,835.80 Resistance again (currently Price-action is Trading near mentioned Resistance) so - according to Daily cycles, every dip towards the Support was Bought back, and if Gold experiences aggressive push towards the Support and Price-action does not manage to rejects it, I don’t see why Gold won’t repeat this kind of sentiment and follow the statistic rules, initiating aggressive Medium-term takedown. Since October #22, every NFP announcement was positive-wise for DX, and delivered strong Selling pressure on Gold's Price-action. Since many jobs are added and economy seems to be recovering on expected pace, I see no reasons for negative surprise regarding the NFP. However since Gold engaged strong Intra-day sequence near Support zone, keep in mind that #1,800.80 - #1,805.80 is now even stronger Bottom, showcasing strong sustainability. If NFP delivers healthy numbers and my expected forecast, that development alone can push the Price-action downwards and arise Medium-term Sellers which may finally invalidate the Medium-term Support zone towards my final #1,778.80 Lower Low's Upper zone extension.


My position: I am holding my Selling order which was engaged throughout yesterday's session after second failed attempt to test-and-break the #1,800.80 - #1,805.80 Support zone. My entry point is #1,832.80, and optimal Target once again #1,800.80 psychological benchmark. Expect thin Volume until NFP reading, while if Selling sequence fails, #1,852.80 - #1,862.80 is optimal Target area for Gold's Buyers.