After closing set of Sells in Profits, waiting for a breakout

Gold (Xau-Usd numbers on my comments) yesterday broke the #1,713.80 Intra-day Support on the current Monthly #15 candle and (marginally) made a new Weekly Low. This is yet not enough though as I needed to close the current Hourly 4 candle below the #MA50 (which is now at #1,713.70) to confirm the downward continuation. So far though I already have #3 wicks on the last Hourly 4 candles below the #MA50 which is a Bearish sign. On top of that the whole Hourly 4 chart is now (marginally) Bearish gradient. Still a long way to go though to the next Support at #1,695.80 (April low) and the #1,680.80 possible extension. Be alert, Gold is still more tightly correlated to the Stock markets and Bond notes at the moment and to a lesser extent to DX. Yet again, Gold broken firmly #MA50 and provided another Sell opportunity, but on U.S. opening Bell bounced back as a sign of volatility and new Intra-day Swing norm. Personally, Gold is surely extending the Selling sequence and following the breakdown of the former Hourly 4 Ascending Channel, as Bond notes are gaining for the #3rd straight session and capital is leaving Gold's safe haven towards riskier markets (Stock markets with U.S. futures close to their Annual highs again), but at the moment, that scenario is on pause. See how Gold's strong Sell level of the #1,710.80 Daily Rectangle is fairly symmetrical with the Resistance on Bond notes. On the Short-term fractal, the Support zone was also where the #MA50 - #MA200 rests (#1,717.80 - #1,713.80), which detects that Gold haven't mixed Moving Averages since the December #27th, pointing out for an dip opportunity towards #1,695.80 or even #1,680.80 on Medium-term. However, regarding Short-term, Gold (yet again) broken the Support and instead of continuing the Bearish leg, went in recovery and now Trading on Weekly High's - and my decision to close yesterday's set of Sells earlier was spot on. Personally, I will not enter the market yet, I will wait to see will Gold continue the Buying pressure (if #1,744.80 breaks it is Bullish reversal confirmation), if however #MA50 breaks (priced at #1,714.80), I will engage set of Sells with #1,695.80 Target. Daily chart remains Neutral and could be the cause for today’s idle session, but I am on Sell side still. All eyes on Hourly 4 chart and only after breakout, I will make my move.