Selling every High's on Gold / Gold within my model

Fundamental analysis: So far so good as there are no Short-term surprises. DX again reversed and it's no surprise that this is pushing Gold Higher (last #5 out of #5 Fed Rate decisions were Bullish on Gold regardless of the outcome or Powell's stance later on the conference). No doubt that Gold is also affected by the effect of Bond Yields policy remarks, testing the #4.598 Resistance as correlation standpoint will be visible from mid-May. Surprisingly, yesterday’s session Bearish DX developments didn’t had strong impact on Gold, just a minor spike upwards. This tight balance keeps the Hourly 1 chart’s Neutral Rectangle valid and in tight range and keeping #2,292.80 barrier as the next Higher High’s Lower zone. I have noted that Traders will witness this Volatility until my Bearish Targets are restored and then, by my estimations I expect aggressive takedown towards #2,200.80 benchmark first, then #2,000.80 psychological barrier in extension. While the threat of further Buying on the Weekly (#1W) chart is still there (Daily and Weekly charts are critically Bearish), I doubt Gold will test levels above former ATH’s on both Short and Long-term.


Technical analysis: DX is Medium-term relief rally, however both Technically and Fundamentally Gold is equipped to exceed Bearish expectations testing #2,292.80 strong Support first then #2,252.80 Selling extension (entry / risk levels can be decided according to this breakout candle if the variance allows), aligning with Daily chart’s fluctuation pushing Gold Lower from noted Supply - Demand zone, has #2,200.80 benchmark test ahead on the cards (extended from the previous Low’s). Remember: #8 out of #10 times when Gold soared, Price-action always tested the Hourly 4 chart’s first Support extension on the way back (which yesterday’s post-Fed Selling spike confirms). I haven’t got any reservations regarding current Selling sequence / potential ahead on Gold. Only new DX surprise can turn the Price-action upwards, however Gold is already Trading in Selling waters. Interesting cycle is seemingly reproducing: On March #9, #2021 Price-action delivered Double Bottom and delivered aggressive uptrend. Sequence was altered on June #3, #2021. Cycle lasted for #86 days, delivering (# +13.62%) rise. Current fractal is seemingly reproducing started on February, delivering Double Bottom and aggressive uptrend. Cycle still lasts as Price-action is already on downtrend. There is #15-session symmetry and if cycle is yet to be repeated, Buying bias very limited and Bullish spikes may appear for the next #15-session period and they are final Bullish sessions on a horizon. If there are no more Fundamental shocks, I am expecting Trading to be performed within #2,000.80 - #2,100.80 Medium-term belt.


My position: I am engaging re-Sell orders every session so far (regarding current week) which are delivering excellent returns. On post-Fed spike, I have Sold Gold on #2,325.80, closing my Selling order on #2,310.80. Throughout yesterday's session, I have Sold Gold on #2,307.80 and closed my order on #2,282.80. Since today's session contain NFP announcement, I am in no need to Trade the news (taking unnecessary Risk) since my Profits are already to good to be ignored and on the other hand, I do expect numbers Lower than expected on the announcement so if I will Trade, I will Trade after the news / announcement. Overall I am extremely satisfied with my re-Sell orders, congratulation on Profits!