Gold preserving my Support for the fractal

Technical analysis: Gold remains heavily pressured on a #1-Day basis as #2,020.80 - #2,025.80 first Resistance zone rejected the Price-action and prevented further gains on Gold, retracing the Price-action all the way towards Support belt. The trend is approaching #2,010.80 point as I am expecting the first signs of Support at #2,005.80 where Hourly 4 chart’s Short-term Support rests. With stalled recovery on DX and Bond Yields soaring (Gold follows the movement with diagonal correlation) - I doubt that Gold has potential to slide more, but if does, I’ll be forced to change my Bullish Short-term perspective (very slim chances). It is important to understand that despite the heavy Selling pressure towards U.S. session, Gold has light Fundamental calendar (besides Retail Sales which may bring some action) so nothing is standing between Gold’s intention to pierce #2,025.80 Resistance at the moment on very Bullish Hourly 4 chart Technicals (chart I make my calculations on). Price-action has successfully tested the estimated Support zone and nicely formed strong Bottom which won’t be invalidated without serious cause. #2,000.80 - #2,005.80 represents Higher Low’s Upper zone and according to the cycle, Higher Low’s are usually areas where Selling sequence is usually rejected or stalled under. Sequence is Supported by #MA200 also where newly formed Ascending Channel is pointing towards Upper levels. Current movements are getting into a tight range but preserving Bullish Hourly 4 chart’s pattern (but under Low Volume).


My position: After closing my yesterday's order with #10-point Profit, my original #2,014.80 Buying entry is still active as I used #2,000.80 test and rejection as an re-Buy opportunity (#2,002.80 entry point). So far, I hold #2,002.80 entry point Buy and well preserved #2,014.80 original Buy, both Targeting #2,022.80 sequence and above.