Selling order running in Profit / #1,800.80 almost achieved

Technical analysis: Nothing irregular at the moment on the Short-term as Gold continues to Trade on Bearish gradient within #1,810’s zone with clear Resistance point, and Support levels / ready to deliver the breakout I was after. My plan was to engage near #1,842.80 first Support however with breakout happening before Powell's stance, I remained on sidelines however, engaged my order on #1,827.80 pressure point and my Trade is currently running in excellent Profit. The underlying Medium-term trend is still Bearish, so if the Intra-day Low breaks throughout today’s session (#1,800.80 - #1,805.80), then I expect another run towards Lower Low’s Upper zone and possible #1,752.80 benchmark extension (way below #1,820.80, July #16 Low's). One important difference though: the Hourly Moving Average broke and for the first time in #3 sessions Gold is testing it from below as a Resistance (this needs to break again to comfort Buyers). However, if (November #4 - #9) / (January #1 - #6) (January #20 - #25) variance is yet to be repeated, Gold finished the same pattern (Trading on such configuration) and now should engage another aggressive decline where the August cycle I mentioned many times is seemingly reproducing. Ultimately everything comes down to drawdown in equities and DX, how market will digest it, but I can't ignore the fact that Gold remains on Low (relative to January #7 peak) levels despite the aggressive Gap fill on DX and as Usd-Jpy Bought back the dip, where Gold should be significantly Lower according to the circumstances (#1,792.80 extension as an fair estimate). Personally, Gold is Bearish on the Short-term and my estimations shows #1,800.80 test-and-break within #1 sessions, regardless of Powell’s influence on all market classes.


My position: My Selling order (#1,827.80 as an entry point) is running nicely and I will look to take Profit near #1,800.80 psychological benchmark. It is important to note that if #1,800.80 psychological benchmark breaks and market closes below the level, #1,792.80 and #1,778.80 will be optimal Targets for Sellers.