Engaging new set of Sells

I was on sidelines waiting for pricing opportunity, until now. The session so far doesn't offer any conclusions regarding the Medium-term direction as Gold (Xau-Usd on my reports) continues to be neutral on the Hourly 4 chart with the #MA50 rejected the Price-action on multiple occasions. Investors may be waiting for today's U.S. Home Sales to adjust and the only reading is that when the reported number is higher than the forecast, Gold is bearish with a #85.7% probability on a #2 session horizon. The Hourly 4 #MA50 is at #1,737.10, #MA200 is now at #1,709.80 (as my new Target). I'll take my chances with strict SL, (probably on #1,743.80 / strong Resistance) as I give more probabilities to the downside.Gold is now ranging as the signs of exhaustion from both the Wall Street Fed stimulus rally and Stock markets correction are showing up. Technically the Price-action is neutral on Hourly 1 chart (Short-term) within Bollinger bands and Scalpers are taking the most out of this Price-action. With Xau-Usd (Gold spot) and Gold futures prices now on a relative equilibrium, I am expecting the market to reveal its underlying trend (personally, I am expecting Bearish turn) either today or within #2 sessions. The #1,716.80 is so far Supporting and if broken, is a Selling confirmation. If not, Gold can rise as high as #1,751.80 before further Selling can be on cards. Use #MA200 on Hourly 4 chart as an Target, if you are contemplating Selling the market, as I did.