Sell order active / #2,300.80 Targeted

Technical analysis: Gold is finally delivered full scale decline towards #2,300.80 psychological benchmark. This is the first time in #6-Months time that Gold is on Natural decline / not correcting aggressive gains made previously. Also this is the first time in #6-Month period that Gold delivers #2 consecutive Lower Low’s (High’s / Low’s) test which is excellent news for Short and Medium-term Gold Sellers. Sellers (as I am well known Gold Seller) are on the verge of multi-Month Bearish cycle ahead where I do expect #300 - #400 points downside movement to be utilized (I am ready to Profit on that for us). DX is Trading on series of Bearish candles (due ISM missing the estimates / which was sole reason why I didn’t entered the market throughout yesterday's session), however Gold still didn’t recovered all previous losses which is indicating that heavy Buying pressure Gold was Trading under for last #6-Month period is easing (at least on Short-term).


Fundamental analysis: It is Highly important to note that even though DX (filling the Gap) is Trading near the Support zone, Gold is not under heavy Buying pressure (should be considerably Higher relative to recent sessions) or at least near the Buying Short-term accumulation zone. This structure only confirms firm Selling reversal on Gold (underlying Bearish trend shift). If this is the eventual rejection (#2,337.80 - #2,342.80) throughout yesterday's session, then I can have a Sell-off once again back to #2,300.80 psychological benchmark at least once again.


My position: I have engaged Selling order with #2,318.80 representing my entry point, optimal Target remains #2,300.80 psychological benchmark.