Selling extension of #1,882.80 on the cards / Sell order active

Gold's general commentary: Gold is consolidating, mostly above it’s Daily chart #MA50 (currently Trading on #1,905.80, Xau-Usd Spot prices), which Technically leans more to the Bearish side (every time #MA50 is broken on Daily chart (previous #2 fractals), Price-action dipped more than #15 points in addition on the aftermath). Investors are waiting for core economic catalysts, besides today’s semi-Bearish session, as Bond Yields crisis arises and comfort Gold's Buyers in their intent (adding Intra-day Buying pressure on Gold, which is reversing twice from #1,914.80 - #1,916.80 Support zone). DX is Trading again on the same pattern, started on April #1, creating High’s which aren't later easily Sold, which High's can turn Gold Lower (especially since the equities are posting a strong rally), but that hasn't happened so far, leading me to believe that the Bond Yields weighs more on Gold than DX at the moment, as an strongest correlation so far. Hence, as discussed, keep track of the Bond Yields to make Short-term entries on Gold, as the Medium-term remains Bearish (solid Descending Channel about to be formed). In my opinion, #1,917.80 was already broken throughout yesterday's session on Daily chart, and it should deliver decent Selling entry towards #1,900.80 psychological barrier / however on the other side, #1,942.80.80 presents strong Resistance (far away) for current Bullish variance, and if broken, it may attract Buyers which may push the Price-action above the Double Top formation towards #1,952.80 barrier. Fundamentally, Bond Yields are Trading on Medium-term recovery candles but currently, after pricing recent High's, on mild correction. I cannot expect anything else than Selling continuation towards #1,882.80 configuration.


My position: I have engaged my Selling order throughout yesterday's session (#1,920.80 entry point) which reversed and triggered my Stop-loss on #1,928.80 extension. I have re-Sold the market with #1,930.80 as an entry point, which filled #1,920.80 once again on the aftermath, covering the previous loss just within few Hours of the session, and left me without an order. In addition, I have awaited another #1,930.80 test, where I Sold the market once again, Targeting #1,905.80 first, then #1,882.80 in extension. I will add more Selling orders if #1,916.80 Support breaks.