No positions today / Waiting for a breakout

Strong recovery so far almost hitting the Hourly 4 #MA50 benchmark, in the outcome of yet another higher than expected E.U. opening that is typically Bullish tor Gold (#4 out of #5 sessions). This setup offers me no Medium-term opening worth entering the market, as I am highly satisfied with my Monthly Profits, I have no urge to rush onto new position. The Stock markets are consolidating, having seemingly reached a #2-3 session peak. This continues to be Bearish for Gold as I see a max Top within #1,917.80 - #1,920.80 for now. If broken I will take measures from there, until then the trend is Bearish on Short-term - as Gold is far from Neutral. Monthly Top on Hourly 4 fractal is fully formed for the first time since September #12 and as mentioned the obvious Targets are the #1,885.80 (October #2 sequence) and #1,860.80 session Low. As you can see, Gold is now on a negative correlation with Stock markets again as I stated earlier this week. I was waiting today’s Price-action to contemplate Selling the market, but since Swings are new norm and as Gold partly ignores the Technical trend, I will wait Support test first near #1,890.80 and engage my orders towards #1,860.80, or wait for #1,917.70 breakout and from that vicinity pursue Upper Targets. This just shows the continued high degree of Volatility and how unstable the market (along with most asset classes) has become. Technically the Hourly 1 Bollinger band zone is preserved still and has Lower High to give (#1,917.80) with Xau-Usd now having three Higher Highs since February #24 (Feb #24, March #9 and August #17). I can call Friday’s high a local Top and expect a pullback first towards the Hourly 1 Support of #1,892.80 then depending on Stock markets and DX, I’ll base my strategy. I don’t see any Bullish signs on Gold, as I expect U.S. session opening Bell to reveal a major move.