My Buying order is intact / Bearish bias seems limited

Gold's general commentary: The Short-term Bullish bias (much needed relief candles) is stalled near #1,762.80 first Resistance as Price-action is showcasing Volatility on Intra-day basis. Less Volatility on Hourly 4 chart guarantees clear direction on the next Daily chart’s candle (possibly mixed values regarding the trend #70% Bull / #30% Bear) as absence of further news and speculations may engage the aggressive uptrend on Gold. Day Traders have no other alternative with such distorted indicators than to look at (#H4) Bollinger Bands which give a range #1,762.80 as an maximum on this Bullish leap, limiting the uptrend on current Price-action (however I don’t expect those to play big role in coming sessions). I will be looking to Buy the dips and Sell the spikes that Gold delivers on the aftermath when local High’s are priced in. I will go along and consult distorted Technical data, carefully monitor Gold’s movements (side-Swings are limited with strict Risk management rules) until the dust is settled and Gold picks a side from current Neutral Rectangle movements.


Technical analysis: The Price-action exceeded my estimated maximum High’s range (Higher High’s peak). This is an unexpected parameter, which I will have to incorporate to my optimal estimates however (tolerance until #1,742.80 Intra-day). If the equity crash continues, the more capital will be transferred to Gold's safe-haven but I don’t think that Gold will rise more than #1,800.80 psychological benchmark (at least for current cycle). Technically however it is evident how every green Daily candle was Sold Intra-day (steep Descending Channel turning to an Ascending Channel). Keep in mind that current sessions were partly idle due holiday in U.S. as such sessions contain less or very small Volume within. So far a rather flat Daily chart candle (# +0.32% on Spot prices) as the Gold market is attempting to find a balance between the falling Bond Yields (Bullish for Gold) and Neutral DX (stalling the uptrend), following Fed's recent comments and inputs. Technically though and on a Hourly 4 chart's basis, Gold is still Bullish near Higher High’s Lower zone unless #1,762.80 breaks and market closes the session above (last Higher High's Lower zone point, if broken pointing to renewed Buying potential). The Hourly 4 chart's local High's is seen Trading at #1,762.80 and is representing first Resistance line. The Daily chart still didn't regained complete Bullish status however can deliver additional Buying signal, but to prevent unexpected scenarios, I will wait for full confirmation (since last #4 out of #5 times since April #29, Gold stalled the uptrend on excellent Bullish bias) and is too dangerous to approach current market sentiment without strict Risk management, rules a Trader will follow no matter what. Don’t be surprised aswell if Gold stays Neutral throughout today’s session as real trend is likely to be revealed within #2 sessions.


My position: I am still holding my Buying order, however due sudden change of trends on Gold and security reasons, I have moved my Stop-loss on breakeven (#1,752.80). If my Stop-loss gets triggered, I will re-Buy near #1,742.80 once again or #1,747.80 key entry points. If #1,742.80 breaks and market closes the session below, #1,700.80 pressure point can be on the cards. My bias leans more to the Bullish side at the moment.