Gold is looking very Volatile, especially on #H1

Technical analysis: As expected the Price-action was rejected upon hitting #2,400.80 psychological benchmark for #2 reasons speculated on my remarks: #1) #2,400.80 being distinguished as major Resistance fractal on Daily chart, #2) Overbought Technicals coupled with Bullish outside factor which is keeping Bullish bias alive. However, Fed Rate hike rumours which stalled further slide on Gold which had potential to negate all Selling bias regarding the Short-term. Daily chart is still an healthy Ascending Channel which I am surprised is not Overbought already as RSI is pointed on critically Overbought numbers. This suggest that there is still moderate upside potential while Hourly 4 chart still holds some Neutral bias able to deliver Intra-day Selling spikes (#2,320's is still seen Trading as a Support zone since it rejected downside attempt twice within the same session). Yesterday's session contained #2 aggressive Gaps of #30-points first downwards than upwards, followed with traditional U.S. session #40 - #50 point spike. My aim is to evade such sessions which are very unpredictable.


My position: Hourly 4 chart is within Neutral stasis showcasing sideways movement within Higher High's High's / Low's. I have #2 viable options, to protect my already made Profits / capital in general (await for Medium to Long-term decline which certainly is ahead) or gamble on ranging markets. Every moment Price-action can deliver unexplained move which can backfire against every Trading plan as current Price-action is too unstable to Trade on. As a professional Trader, making hasty decisions and Risky calls is last two things I aim to do.