Trading the breakout

As I closed my both sets of Sell orders yesterday with decent Profits, I won't rush onto new position since I am more than satisfied with Monthly Profits. Visible Bearish developments as Gold eventually tested the #1,898.80 Support that I have been referring to since last week, which is the symmetrical level from the September #24 High (Lower High of last Year’s downtrend). This is a strong Short-term Support level to consider as I expect the Hourly 4 chart to act accordingly and initiate a steady downtrend after today’s Natural consolidation and non significant rise as an answer for yesterdays DX’s Bullish late session. Notice also that this is where (Lower High), Gold found Support during the May/June #2019 breakout, and in a few days it made a new Bearish leg. I spotted high chances of repeating that sequence. Hourly 4 chart is already stabilizing while the Daily chart is close to complete Neutrality indicating that Profit on the recent Top has been taken and are again on Technical Selling sequence. I expect a rather ranged session today, unless Wall Street opens with positive Stock markets gap which will add Bearish pressure on Gold. I remain Bearish on Short-term with Stock markets chart as my main point of interest. I am sure in Selling outlook but without Medium-term opening still under lot’s of doubts, I won’t rush to engage and endanger my Monthly Profits with bigger Volumed position. Decent decline on late U.S. session yesterday as I’ve expected the Selling sequence. It was textbook Selling opening, but with the Stimulus speculations still visible on the news, Gold could be a Bull option and invalidate Technical proper trend. The last four (including the current one) Hourly 4 chart candles have been within the #1,895.80 - #1,910.80 range with Hourly 1 and Hourly 4 flat Neutral. This doesn't offer any meaningful conclusions for today’s U.S. session, not even on a Hourly basis. I mentioned last week that this is a Neutral territory with no apparent trend but one could argue that the Hourly 4 Bollinger Bands can be used as an entry - it is surely not my suggestion to Short-term Traders who didn’t took Volatility into account. Daily and Weekly chart turned Bearish and keep in mind that as discussed throughout this week, the trend is Bearish most likely because the Daily chart and since Stock markets should pull back as next week approaches and counterbalances the decline on DX, keeping Gold on equilibrium until one of the two reverses. Personally, I give more probabilities to the decline from this point. Bottom line, best option at the moment is to Trade the breakout - if #MA50 on Daily chart breaks, Gold will be calling for #1,947.80 contact point. If however #1,890.80 breaks, I will use that as an Selling opportunity towards #1,860.80 extension.