Gold is Selling every High's / excellent news for Sellers

Technical analysis: As my Medium-term Selling outlook is in continuation, Gold made a strong Bearish takedown on the foundation of more positive (DX regarding) Fundamental announcements as Gold is losing value with every Hourly 1 chart’s candle. Price-action was close to reaching the Short-term Resistance of the Higher High’s Upper zone (mentioned in my latest comments as #2,362.80 - #2,372.80 on Hourly 4 chart) much sooner than I expected, however 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 this current Gold’s decline which is in continuation. As it happened then, the market psychology was similar, and as soon as the DX recovered, Gold's Inflated prices deflated and should reach at least the Fibonacci retracement from October’s bottom. That is around Hourly 4 chart’s #1,782.80 - #1,852.80, so Medium and Long-term Traders have their Target which they can pursue.


My position: I have engaged Selling order with #2,361.80 entry point when market opened last night and closed my order on #2,340.80, delivering fine #21-point Profit. Since #2,338.80 - #2,342.80 represents Short-term Support, I will take no more Risk and await more comfortable re-Sell entry. I am more than satisfied with returns on my re-Sell set of Selling orders. I am expecting #500-point parabolic decline on Gold on Long-term which I will be ready to utilize for us.