BEARISH CYCLE (TECHNICALLY)

Technically gold is on selling wave howere its the 2024 first candle as yesterday the implusive move is a favour ( sellers fisrt gift in 2024 ).Contingent on $2050-$2052 break then $2040 support will be tested with in a session.According to the comodity Exchange data 68.9% commercials sellerd are holding theirs sell trades however, this data is changed after 2 weeks .
Gold is strongly correlated with Dollar index however Technicals are easily contorted by Fundamental news, which are adding strong uncertainty on DX and Bond Yields .