Keeping my set of Sells

Another Low test on Friday regarding the Hourly 4 chart at #1,749.80 and a new Lower Low was expected next at #1,717.80, but the Price-action bounced back near #1,770's. This is pure Bearish gradient as Price-action is Trading on the Hourly 4 chart where all indicates on a Selling opportunity. My model require to close one Daily candle below the Resistance though to provide new hope for Sellers. Strong rejection followed the Bearish U.S. opening Bell on Friday, since Stock markets entered the decline without the recovery signs but I don’t think that correlating assets will have any strong impact this week. Gold has finally printed more than #1 Bearish candle and almost hit the Hourly 4 #MA50 since June #18. Last time the Price-action broke below the Hourly 4 #MA50 it dropped another # -1.70% before starting a strong #15 day Bull run. Technically that puts Gold at #1,717.80 which is the May #6th Low. The Resistance is still at #1,778.80 and breaking above it, confirms the new Bullish leg to #1,792.80, but chances are really slim with only #17% possibility. Statistics are on my side. Gold is again under pressure (Xau-Usd as always on my comments) and #1,755.80 semi-Support break calls for #1,747.80 test and possible #1,717.80 extension. Only one aspect could postpone my outlook is - Stock markets with constant Trading on Lows which is adding enormous Buying pressure on Gold. As you can notice, they are the reason of Gold's constant bouncing back from Selling attempt. The current Hourly 4 candle despite staying Technically Neutral, is ready to support the downtrend. It is encouraging to notice that the Daily chart is about to turn Neutral which in my opinion indicates that if the Hourly 4 #MA50 breaks, Daily will follow (by becoming Bearish) and Gold can even test the Daily chart #MA50 at #1,717.80. A break below #1,717.80 though can give a fast spike to #1,695.80. The Price-action is at the Top of the Daily Rectangle once more testing the Intra-day Resistance. Gold has been consolidating there for the past four Hourly 4 candles and with Hourly 1 on Spinning Tops candlesticks (Neutral) as I am ready to hold my Sells and add more later if Resistance breaks since Selling sequence is inevitable.