Gold continues to replicate the price action of September 26-28, with the price now below the 4H MA50 (which is at 1,647.10 on XAUUSD) but is holding the 1,634.60 low. This makes Gold a buy opportunity on a 1 week basis (target the 1D MA50 at 1,680), but we need to take into consideration Thursday's heavy fundamentals (ECB Rate Decision and U.S. GDP) as the long-term trend remains bearish (1D RSI # 42.106, MACD # -16.530, ADX # 30.971) so I'll keep my stop tight on the above level. Only a break above the 1D MA100 (currently at 1,735.16) can reverse the trend to a bullish long-term sentiment. As mentioned these past few weeks, the US10Y is primarily dictating Gold's trend and its 1D RSI is showing a bearish divergence (which is bullish for Gold). A closing below 1,634.60 would be a sell break-out entry for me, targeting 1,620.