Sell active / Gold on the path to invalidate #1,900.80 benchmark

Gold's general commentary: The Price-action is now circling the #1,900.80 benchmark but not gaining more Selling momentum however it seems that DX finally found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically, #1,900.80 test will be acceptable risk at the moment as Buying on such Bearish bias Technically is not advisable. Gold is approaching again the Lower Low's trendline of the Hourly 4 chart’s Volatility (on one of the strongest Intra-day mixed values since late May throughout yesterday's session), slightly above my Support zone which is an ideal Buying point towards #1,930's so Gold can get some relief however Buying signal is getting weaker as every Trading Hour goes by due wall of Resistances ahead and DX on healthy relief rally.


Fundamental analysis: As discussed, unless #1,932.80 breaks, Price-action within is critically Bearish and leans to Bearish side more than Neutral which is suitable for Sellers of the market only. As expected Gold stalled the downtrend on Daily basis due DX losing strongly with every Daily candle however now that DX is on relief rally, Gold is about to break my #1,900.80 Target posing as an benchmark which I was calling since #2,000's. Remember my earlier comments regarding financial crisis around the corner where I mentioned that ahead of every crisis, DX and Gold on huge gains, then Gold reverses into a Selling Medium-term leg, DX tests Higher High's extension (current #20-Year High's). Then later on, when crisis is about to take place, DX loses strongly and Gold gains as a safe-haven ( fractal which was delivered lately) and when Inflation eases, Gold will engage multi-Month Selling cycle. So bottom line, this is undisputed Bearish trend. It is important to mention that PMI is on main stage today which may deliver prolonged weakness on Gold.


Technical analysis: Very important session today and on Monday (crossroads for the Short-term) as the Price-action was testing the #1,900.80 Medium-term benchmark for the #1st time since March #14. Gold hasn't closed a session above the Daily chart's #MA50 since May #17 and since #MA50 is Resisting the Price-action strongly, I expect an aggressive rally regarding the Medium-term towards the #1,852.80 psychological barrier in extension. Daily chart turned Bearish #15 sessions ago as I still see many similarities between that and the late July - early August #2021. It is worth noting at this point that it is the strong DX and Inflation news that is keeping Gold Lower as the DX is on a Medium-term Bullish reversal pattern. The slightest Bullishness on the DX (which is testing its #102.800 Resistance )should have a huge Bearish after-effect on Gold (in form of heavy Selling pressure). Before of an emerging Death Cross on the Hourly 4 chart, Price-action is still not near the Bottom of the fractal and Price-action is still not reversing.


My position: I cannot deny that Technically Gold is Oversold and at least #10 to #15-point Intra-day correction could be delivered however due Bearish circumstances, Buying signal is getting weaker as every session goes by and as I mentioned many times, Gold was and will remain heavily pressured. Therefore, I have engaged my Selling order with #1,918.80 as my entry point (optimal Target remains #1,900.80 first) then #1,892.80 extension as I will continue Selling every High's that Gold delivers (strategy which delivered spectacular results lately).