No Medium-term position on a horizon / Scalping only

Productive day for both Buyers and Sellers as the Top rejection on Daily chart rejected further uptrend and as my #2,045.80 break out point was not compromised, Gold made it to #2,064.80 almost (Spot prices). The Bullish reaction is due to the Higher High trendline that started with Tuesday’s Higher zone on Stock markets. This is not the most important Resistance level though, it is the Hourly 1 chart #2,067.80. As long as Gold is below it the Hourly 1 Support will be continuously tested but above it, the goal is the Hourly 4 chart #2,074.80 fractal. Do not Trade this without breakout plan, the times are very Volatile. I am expecting Daily chart #2,045.80 Gap fill and #2,037.80 in extension as Price-action will most likely close below Resistance. As I noted, Gold is surely correlated with Stock markets again (February #27 - July #27 sequence), but this time Diagonally (when Stock markets are rising, Gold should decline). DX was rejected on Resistance which will add Bullish pressure on Gold. Bond notes are above the Hourly 1 Support too so everything is set for aggressive #2,045.80 dip. I’ll have second chance for Selling sequence since Gold’s Bullish pressure is near exhaustion, best visible on Hourly 1 chart. Also, Gold made a strong Technical rebound provided by the Weekly chart size Bull spike. Candle is still open of course but Stock markets are the reason behind it and #2,060.80 break out condition has big chances to be met and continue all the way to #2,072.80 if Stock markets continue Trading on big Swings as the new norm. The Hourly 4 chart printed an evident pullback formation and now on a Higher High for the first time since August #4 and the current peak. Even Daily switched back to Neutral which is a good sign for me and is aiming at the #2,033.80 Technical Gap fill which is roughly near #MA50 Hourly 1 is. Assuming it takes more than a day to reach this level, then this is also where the Hourly 1 will be so it is a good benchmark and first Semi-Target. However don't expect any fall if the Stock market doesn't rise as well. On the other hand, the DX almost filled the February #20th Bearish gap so any recovery pullback from now on should be adding Bearish pressure on Gold. I will use a Scalp opportunity if it appears (#2,060.80 - #2,042.80).