My Target remains #1,927.80 for the fractal

Technical analysis: The Price-action is now circling the #1,952.80 mark but not gaining more upside momentum (which is totally Normal under the circumstances) as it seems that DX still didn't found Resistance fractal. I cannot speculate how far or upwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically, Selling every High's which Gold delivers will be acceptable risk at the moment, as Buying on such Bearish bias is not advisable. Gold is approaching again the Lower Low’s neckline of the Hourly 4 chart’s Volatility belt (on one of the strongest Intra-day mixed values since early May), slightly above my Support zone which is an ideal re-Sell point (as I implemented Selling every Top strategy since late April - whole May which delivered and is currently delivering spectacular Trading results). As discussed, unless #1,982.80 - #1,985.80 breaks, Price-action within is critically Bearish, leans to Bearish side more and suitable only for Sellers. Gold still didn't reacted to DX gaining strongly with every Hourly 4 chart's candle and broke through the Upper layer of the Rectangle, but current defence line poses as the strong Support which may engage meltdown once invalidated. I will continue Selling Gold (such as yesterday's session re-Sell on #1,982.80 Top's delivering excellent results) as long as DX is on Buying sequence. Remember my comments regarding recession around the corner where I mentioned that ahead of every recession, DX and Gold on huge gains, then Gold reverses into a Selling Medium-term leg, DX tests Higher High's extension (current #2-Month High's). So bottom line, this is undisputed Bearish trend and total Selling domination. I do believe that (sustainable) relief rally on Gold is still far away, which means that Gold should remain under heavy pressure.


My position: I am currently well positioned (my entry is nearby) to pursue my #1,927.80 Target extension. DX should also meet it's #105.100 Resistance. If this fails, I will look to re-Sell Gold once again from above. Gold should be already near #1,900.80 benchmark under the circumstances but decline is manually prevented even though DX is miraculously rising.