Sell active / Gold on a verge of Long-term Selling breakout

Gold's general commentary: Critical Support zone was in reach of a hand on yesterday's E.U. session and to prevent full scale oscillation towards #1.900.80 benchmark invalidating multi-Month Bullish cycle on Gold's Daily chart, DX was manually Lowered in form of an takedown from market speculators.


Technical analysis: Gold is on an interesting Technical fractal on the Hourly 4 chart, able to convert into aggressive takedown similar as June #2 sequence. The dominant pattern was an healthy Ascending Channel started on yesterday's session Low's, however according to the cycle delivered on September #28, the Daily chart’s RSI was Ascending, being on Lower High’s, which was on a Bearish divergence (pointing to a steeper takedown) within the actual Spot Price-action which was inside Lower High’s and Lower Low’s. Traders have witnessed exact same sequence on July #8 - #16 fractal, where Gold was within Rectangle, engaged the aggressive decline, then started the recovery with more than #200 points. The RSI was then Descending, while the Price-action made #3 Lower Low’s on the Bottom trendline of the Descending Channel, which Technically (if Gold repeat it’s cycle) could engage the decline and hit #1,852.80 psychological benchmark on the #1,900.80 benchmark break aftermath. Configuration confirms that Gold deliver #3 Lower Low’s (or Higher High’s) and then engages the aggressive takedown (or uptrend in the other case). I am expecting Gold to give #1,927.70 - #1,932.80 Lower Low's test after possible correction and stabilizing Overbought Williams% levels on Hourly 4 chart and then continue the the Medium-term slide, of course with the special touch and attention on DX chart. That suggests aswell that Gold may be pricing a Top here shortly. DX is comfortably Trading below the Support for the fractal while equities are rising, so I believe that soon enough, Gold will make Lower Low’s attempt towards the Daily chart’s Support cluster, unless #1,988.80 - #1,991.80 breaks first (less likely), in which case the upside potential is on path towards #2,000.80 benchmark (very slim chances) and invalidate my Selling pattern


My position: As my Long-term Selling outlook should be in continuation, Gold made a strong Bullish comeback on the foundation of aggressive takedown on DX as Gold's Buyers are once again rescued by Fundamental announcements as Gold was losing value with every Hourly 4 chart’s candle. Price-action was close to reaching the Short-term Resistance of the Higher Low’s (mentioned in my latest comments as #1,966.80 - #1,973.80 on Hourly 4 chart) much sooner than I expected, and got rejected twice as the market should turn this fear into a parabolic decline similar to the virus parabola early in February - March #2019, which could be the reason of subsequent Gold’s slide which should be in continuation. As it happened then, the market psychology was similar, and as soon as the DX recovered, Gold's Inflated prices deflated and that is around Daily chart’s #1,852.80, so Medium and Long-term Traders have their Target. In meantime, I engaged my Short-term Selling order with #1,967.80 as my entry point, and optimal Target for the fractal remains #1,940.80 Support in extension. I will Sell Gold on Medium-term once #1,927.80 - #1,932.80 Support zone breaks.