Possible Sell opportunity

New Lower Low on the Hourly 4 chart is visible with the trend now even more Bearish as the #MA50 broke (June #15) and Resistance hasn't yet been re-tested (#1,744.80). If strong break happens again, then this will be the first time that the Hourly 4 #MA50 will be tested as a Resistance since May #27 since I see decent potential for big decline on Gold. The #1,695.80 is decent Support so Sellers have a good Target Zone. The RSI has crossed its #30 day Consolidation and in my opinion this is a sign of the big volatility that is to come. The Price-action is consolidating for the past #5 Hourly 1 candles and the market is waiting for this weeks critical news. The wider time frame of Daily chart remains basic Rectangle Trading as well despite the fact that Gold is again recovering the #MA50 break. Any Short-term calls are open to a high degree of error before the U.S. session/opening Bell absorbs the news anticipation by Investors. The best for Traders who are not positioned on the market yet is to trade the break out of Resistance #1,744.80 (extension #1,767.80) and Support #1,713.80 with #1,695.80 Target (extension #1,680.80). As I noted, Gold is under unprecedented Volatility on current session with Gold (Xau-Usd on my comments) and the Futures price on a tight spread. This is of course the product of heavy speculation in the Metals market, fueled by the expectation that the stimulus package will be accepted. Needless to say this environment is not tradeable with brokers displaying conflicting prices and wide volatility on the Futures contract. I see this rise as not sustainable at all and on today's U.S. opening Bell I can have a different outlook with values that will trigger my Sell orders. I can't approach this situation Fundamentally but I do expect a pullback back towards #1,713.80 as the main Support and Higher Low zone, and near it I will engage my set of Sells - if test happens of course. Despite today's session small pullback, Gold is showing high durability as it remains on Lower Highs relative to and Monday's Low’s. Powell’s testimony didn’t had any/or had small impact on Price-action, as expected and didn't made any significant change. Despite the new High on the Stock markets (Bullish Gap fill), the continuous rise on Bond notes and of course the parabolic rise on DX, Gold hasn't made a new Low yet, making me believe that the underlying trend remains Bearish and Price-action can start losing with every Hourly candle any minute. Further argument for it is that the Weekly chart is defending the bounce it made on Monday from Weekly Support, but I doubt it will last. My advice for Short-term Traders is to Sell Gold on tight stops whenever they see pullbacks on Stock markets (which is the case for now) - Selling every High strategy - keeping in mind that the #MA50 on the Hourly 4 chart (which is now at #1,713.80) was always crossed after every High since the start of #2020. Unless #1,744.80 is compromised, on which case may see #1,764.80 (ultimate Top and demand zone, former #6 year Resistance), Gold will dip minimum #25$ on Short-term.