Gold: Failed again. Short more reasonable than long

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Gold             against a currency Basket is trading since Feb/Mar within my suggested trading range (see chart attached). Following Points make me bearisch again:
1) Failed BreakOut out of LT             Resistance and upward channel
2) We see lower Highs
3) COT Positioning extreme
Within last years it was always a good decision sell within the "Sell Region" (red) and buy in the "Buy Region" (green). Till we see a BreakOut (above 885-890) we have NO reason to believe in a new BullMarket. A correction back into the 780-800 Region seems to be more and more likely. With extreme COT Positioning even a "cascade selling" till the lower boundary may be possible but with the strong physical demand unlikely.
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