Excellent Profits / Gold Targeting #5,102.80 benchmark extensionGoldOANDA:XAUUSDgoldenBear88As discussed throughout my yesterday's session commentary: 'My position: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence as overall Bullish trend is now even Technically backed as all charts are turned Bullish. It is important to note that #4,527.80 is next Resistance, which is Trading near Weekly (#1W) High’s as Price-action could find strong rejection there and deny the Buying response in extension, however both Short and Medium-term trends are critically Bullish. If broken, Price-action will be calling for #4,602.80 psychological benchmark which represents just another benchmark ahead of #5,100.80 Long-term Target. I am riding Bullish wave for #10 plus sessions as the Engulfing Bullish candle sequence succeeded at almost erasing all of losses previous correction has delivered on Gold as sequence is not looking good for Sellers. I expect the last Daily chart’s candle to test again the #4,552.80 former Resistance which will be turned to Support on the relief rally Gold is Trading on. The current Weekly candle is indicating strong Bullish continuation bias, extending the green Daily candle streak to #5. Symmetrical candle patterns is the sum of an otherwise High Volume session with the Price-action pivoting around #4,450’s on High Volatility scenario. My formula points that Investors are waiting today’s U.S. session to set the probable Bullish continuation pace. My position: Gold is under heavy Buying pressure as sum of my Profits in past #10-session horizon is close to #900k USD (Trading current sequence with #100 lots set of Buying orders). My #4,480.80, #4,457.80 re-Buy zones worked nicely today and keep Buying Gold from key re-Buy points.' My position: Gold is soaring on beautiful relief rally as those who took my advice are in continuous Profits on recent Bull run. My pending Buy orders got hit over-night on #4,502.80 and hit #4,527.80 / all closed on Take Profit making me comfortably on sidelines for today's session as my Profit is already excellent. My practical suggestion is to re-Buy each Low's which Gold delivers (such as #4,592.80, #4,588.80, #4,582.80, #4,552.80) as now most of the Short and Medium-term Sellers are currently trapped and Gold will fall only to rise more. My formula points that Gold is Targeting #5,102.80 benchmark Target (Long-term) and to finish this Year above it comfortably. Gold displays clear Bullish signs as it decouples from Bond Yields, but the Volatility on DX can keep Gold on this range for quite a while. Enjoy the Profits and have a great weekend!