Technical analysis: No surprises on E.U. session opening as Price-action didn’t delivered any significant move further (classic consolidation) and despite the stagnation on Bond Yields and DX on modest losses, Gold has managed to defend the Support throughout the session and enter the #1,760.80 – #1,768.80 Hourly 4 . This is the extension of the Lower High sequence within the Daily chart’s newly formed Channel Down. The Hourly 4 chart is approaching Neutral levels for the first time in #10 sessions, which indicates that #8 point recovery could be ahead. In my opinion #1,770.80 – #1,778.80 is the Highest extension and decent Selling opportunity awaits on that . I am expecting new Selling accumulation towards #1,700.80 barrier, still assured that Gold has to respect Technical course and normalize Overbought levels on the aftermath, to cool down the obvious Selling pressure, visible last #2 Weeks. No strategy shift so far as is still on most Moving averages. However, as long as Gold is below #1,778.80, there are more possibilities for a decline. If January #20 – #27 is yet to be repeated, Gold should test the Resistance, and give one more Lower Low extension towards #1,700.80 or less. Gold is in deep territory as I am expecting #1,678.80 next, and #1,588.80 in succession. I am not interested in Buying, as I will Sell on spot if #1,753.80 breaks. Be ready for ultimate Selling domination and possible multi-Month sequence towards #1,588.80 and below. As I am not interested in Buying Gold on both Short and Medium-term, I will wait for #1,753.80 break, and Sell from there. Traders shouldn’t be surprised if they see thin throughout today’s session, as historical resemblance shows that on ever bigger proportion decline, Low Volumed session follows.