Gold still within Triangle / NFP expected to boost Gold upwards

Pre-NFP commentary: Gold was close to the important #1,808.80 Hourly 1 Support test on Spot Prices, as Price-action was rejected on #1,800.80 - #1,808.80 configuration, which shows how slow to reveal major move Gold has become (not taking Fundamental Buying pressure into account) and didn’t even engaged full scale uptrend / even though that Bond Yields are still without recovery candles and DX on constant Low’s. If there wasn’t Bearish DX developments, Gold would be significantly Lower. Gold eventually honoured the Support break on DX and printed a Short-term impulse, seen early on regarding E.U. session, reversing again despite Tuesday’s late session rise, Bond Yields are Trading near the Weekly Support - reveals an Bullish Short-term sentiment Gold is Trading under. Even though my Medium-term outlook remains Bearish based on fractal analysis of candles, Volume and RSI with the period March - April, I am expecting a Short-term uptrend continuation towards the Hourly 4 chart’s Resistance zone first (#1,835.80 - #1,840.80) as the Hourly setting is sitting in Overbought waters approaching the levels of December #27. I am looking closely at today's U.S. data to monitor DX movements (NFP on main stage), and would instantly Sell the market on normal Technical market conditions / but as trend has to continue Trading upwards (Fundamental pressure) and is Volatile to a huge extent lately, I am expecting debacle on NFP and Unemployment rate, where DX might get hurt and add enormous Buying pressure on Gold. Yet again, Triangle is emerging on Hourly 4 chart, and it is now a clash which side will prevail. Regarding the NFP, statistics are on my side, as last #3 out of #3 NFP's revived Buyers of Gold and extended the Bullish Short-term trend (it is indeed Fed's intention to calm the markets, producing no huge Swings, that's why I am on Gold's Buying side regarding Short-term. As discussed, announcement can shake DX and break the Short-term Support on the currency, where I will be ready with my Buying orders on Gold to utilize Buying potential to it's maximum). On the other hand, Fed is awell keeping Yields on #9-Month Low's to fight the Inflation which can also add to Gold's Bullish sentiment.


My position: As current announcement can easily lead Gold on both sides, I will approach with extreme care, and closely monitor the Price-action as NFP announcement is approaching. I will keep my Buying order (#1,812.80 representing my entry point), as I will add another Buying order if configuration goes my way (towards #1,835.80 - #1,840.80). I give more probabilities of the upside, as I my model leans more to the Bullish side, regarding Gold.