Sell order activated / Time for correction towards #1,882.80

Gold's general commentary: As discussed, as long as #1,900.80 psychological benchmark holds, Gold is more likely to push towards #1,918.80 - #1,921.80 extension for a Higher High’s test, invalidating the Daily chart’s Neutral Rectangle. Current Trading week is packed with unexpected spikes, so Technically the real trend will be revealed after those, since yesterday’s session delivered indecision movements only, however I benefited strongly using the "Buying the dip" strategy many times throughout the session. The Short-term Price-action has turned Bullish just over the Hourly 4 chart’s first Support fractal of #1,900.80 - #1,905.80 which was invalidated many times Intra-day. It is interesting fractal to mention that even the Daily and even Weekly chart (#1W) to a certain extent are Bullish. Everything depends upon the DX once again (and to a lesser extent the Bond Yields), so I can't make any Short-term recommendation other than the breakout points that I am already Trading on (#1,900.80 towards #1,882.80) and set of Selling orders I am already operating with (engaged moments ago / #1,915.80 representing the entry point). Spot also how Xau-Usd (Spot prices) and GC (Futures prices) are finally closing the gap and getting into tight range again (indicating that market is returning into normal conditions). Regarding yesterday’s session - two straight green Hourly 4 chart’s candles (after Bearish rejection, many similarities with December #15 levels) so far which indicate (unless broken) that #1,900.80 should pose as an strong Support line. Most likely, Gold was going towards #1,921.80 to test the Resistance cluster and since Price-action got rejected, then Hourly 4 chart’s #1,900.80 and #1,882.80 Support in extension test should be on the cards once again - and potentially stay Neutral for a few sessions in a symmetrical manner as April #14 - 16. It is important to note that RSI levels, visible on my charts should draw Sellers into consideration, as RSI on Hourly 4 chart is mildly on Descending Channel (rejected on Double Top).


My position: Since multiple Buying orders near session Low's delivered excellent Trading results (throughout yesterday's session), in the meantime Hourly 4 chart reached critically Overbought levels and Gold might price in more serious correction. I have engaged my Selling order with #1,915.80 as an entry point, with #1,882.80 Support is my Target and level of utmost importance. Market closing below #1,900.80 psychological benchmark is adding credence to Sellers, while it can reverse every Sellers attempt, so look for pointers there. Both ways, #1,952.80 psychological benchmark remains Medium-term Target. Do not let side Intra-day Swings to cloud your judgement / regardless of the Daily fluctuations, trust your position and model.