Re-Sell zone working perfectly for #2-Month period

As discussed throughout my morning's commentary: "My position: I do not have much to add to current week's sequence as market speculators manually prevented the downtrend even though there are many Bearish factors which could easily drag the Price-action widely below #1,900.80 benchmark, however Bearish bias is not negated just postponed. I expect today's session NFP to be a catalyst where positive outcome can revive Short-term Sellers as Gold has become easy to rise and slow to fall. I expect stronger reaction to bigger number on NFP than smaller one, so take that into consideration. Yesterday's #1,969.80 re-Sell position delivered excellent Profit closing the order near #1,952.80 values, as I will look to re-Sell as Higher as I can ahead of NFP once again. I expect Bullish bias to remain Short-lived."


Past week's recapitulation: Take Profit on the second straight Hourly 4 chart's Bearish candle (# -1.06% so far) on average Volume, capitalizing on yesterday's Evening Doji Star. Despite flat reaction to NFP which trapped many Buyers (in belief that market may continue rising), the (#1W) candle remains at (# +0.62%) for the week as June will certainly close in losses according to my Technicals. I am just waiting for my Medium-term Selling continuation / confirmation which will be delivered once #1,952.80 benchmark breaks once again (already invalidated). Now that Buyers are trapped and their order almost liquidated refreshed Hourly 4 chart is on it's way to deliver aggressive takedown which may arise Medium-term weakness on Gold. Technical Selling potential is reason I structured my Selling Trades and reason why I had strong reservations on current Bullish surprise candles.


Technical analysis: The Price-action has so far delivered much expected #1,952.80 Support break, negating almost all gains out of Bullish bias of the past #3-session non-stop rise and still Bottom is not formed. Gold is purely capitalizing on series of Selling candles in succession with all MA periods being Sold out. Apparently time and again the Descending Channel is in dominant position (Lower Low’s / Higher Low’s) and despite the still Bearish Hourly 4 chart it Targets the #1,927.80 Support first then #1,900.80 psychological benchmark. I will keep operating with my set of Selling orders, Selling every High’s which Gold makes in search of relevant Medium-term pattern. Other than that, with U.S. announcements speculations (announcing the Bill passing plan policy), there are no more macro-economic High impact announcements throughout current Trading week to support the eminent uptrend. Gold gained all capital from Fundamental frenzy and is bound to give some back, as my focus shifts to future Rate hikes where negotiations are still in early phase, aswell to the ties of Gold with DX and to a lesser extent Bond Yields (on a most recent plunge), where Gold is attempting to find a equilibrium between the two. Spot how market speculators delivered no reaction to NFP at all where lot’s of new Buyers re-appeared, however lagging reaction caught them off guard and trapped them in their intentions. Overall, I am very satisfied with Trading results as I believe I have drawn the maximum out of current Price-action. #1,900.80 is my next point of interest.