Gold is Technically Bearish / Fundamentally Bullish

As I've stated in my Headline - Gold is Technically ready for Bearish drop - but Fundamentally could easily engage aggressive rise (Investors waiting for stimulus breakthrough) - so entering the market is pure gamble and better option lies in Trading the breakout. Despite the negative trade negotiations and Bullish Gap fill on Stock market, Gold is kept Supported above #1,965.80 (strong Support) and currently on negative gradient due to the mixed values on Bond notes. However I don't expect those to play that big of a role in the coming days. At the moment Gold is above the Support on Hourly 4 chart as I am not interested in further Buying / since I witnessed how Fundamentals can easily distort Technical trends throughout May-June-July, I will remain on sidelines and skip the Technical Selling sequence. All charts are firmly Overbought, and I expect Gold to normalize those levels and Hourly 1 Support test within #3 sessions. Gold is surely Bearish on the Medium-term since these Gold levels are overpriced as fair Gold value lies near #1,885.80. However Weekly chart has to test the the #1,910’s (below recent ATH ) zone before reversing towards #1,890’s again as it was always rejected no sooner before that zone for the past #7 years. Bullish spike on yesterday's U.S. opening Bell is nothing unusual since whenever session is without macroeconomic reports, Gold tends to spike up. What will cause this fall on Gold is a combination of Trade optimism (Stock markets rise, Investors taking Profits on #1,980’s levels on their Buy positions) but mostly in my opinion Bond notes levels. I should first see both assets recovering before Gold starts the decline. If Support is broken, Price-action will be calling for #1,940.80 extension and Bearish sequence similar to July #17 - #19. Again, if stimulus news arise, Gold can easily test the new All Time High priced at #2.000,80.