Keeping my set of Sells

Price-action bounced back well enough on the #1,615.80 level (which is the former Weekly Resistance and filled nicely Monday's gap) and reached movement Top according to my Technical analysis. On the Hourly 1 chart, Gold is using the #MA200 as Support (see how it makes Lower High on it), so that may build up a new downtrend. I am keeping my set of Sells and will add more on Lower levels (#1,595.70), which will be the symmetrical retrace to the September #24th High (also due to the currently Overbought Weekly chart). Also see how the RSI on Hourly 4 chart has reached its short term Resistance and remains on a Channel Down since the March #23 High. Gold ignored recent DX upswing as it almost reached October Resistance, as Stocks but mostly Bonds market have recovered more than 70% of the December #3 sharp fall. See how Gold (I am always using Xau-Usd on my analysis/Spot prices) is basically consolidating around the #MA200 on the Hourly 4, since DX and Stocks partly are reasons why Gold is ranged and not dipping, but remember, DX broken Resistance, and it is only matter of time when Gold will follow and break it's Support. The fact that Gold has kept its Bearish momentum on the Daily chart reveals the Bearish underlying Short-term momentum. I remain Bearish on Gold (Xau-Usd on my analysis) with #1,540.80 as my first Target.