Buying idea - Calling for #12 Profit in a row

Excellent Bearish development yesterday on Hourly 1 basis as Gold didn’t managed to defend the Support zone anymore and almost dipped more than #27$ Intra-day. Selling response came as no Technical surprise as the Price-action managed to reject the Bullish motion from #2,010.80 Resistance zone, even though that the stabilization on Stock markets is still not achieved. DX is still Trading without recovery attempt and Stock markets are on a parabolic rise as their Resistance tests provided Bearish action on Gold. Especially the fact that Bond notes broken the Support on Daily chart (which is a good sign for Gold Buyers), makes Gold Bullish on the Short-term. Gold’s Hourly 1 chart regained complete Bearish status for the first time since August #12. Key elements to keep in mind: According to my charts, Gold should firstly rise to #2,036.70, and then make the general move. However, if #1,982.80 Support is broken again, Gold could easily dip to #1,970.80 representing the fair Technical price of Gold (as Resistance rejected the Price-action on multiple occasions). As soon as the new market dynamics find their prior balance, Gold can resume its steady Medium-term Bullish trend. As you understand trading Gold is a quite complex asset to deal with but done right can provide steady base of income. What I spotted as the years go is that the Gold loses strong correlation with DX every late April - early May and is more correlated with Stocks or Bond notes on summer fractal. Keep in mind that my approach is Swing trading (Long term positions) within quarterly cycles and my goal is identifying the correct trend for a longer period of time, even if it lags to a small extent. Gold is looking Bullish and probably it will be a Bullish call towards the Monthly Resistance. If U.S. session allows and open within my models - I maintain my #2,010.80 Target since Hourly 1 #MA50 rejected the further decline.