Excellent Profits in continuation

As discussed throughout my yesterday's session commentary: 'My position: As advised many times, do not Sell Gold at all costs as wherever you Buy Gold on this market, you won't be wrong. I have Bought Gold on #3,652.80 and #3,654.80 minutes ago and closed all on #3,657.80 extension. Keep Buying Gold on each dip is my practical suggestion.'


I have firstly engaged #3,652.80 - #3,654.80 Buying orders, closed them on #3,657.80. Then re-Bought #3,650.80 - #3,657.80 as well, followed my #3,645.80 and 3,640.80 #10 - 14 re-Buys in total as Gold was Trading within Neutral Rectangle at that point, delivering excellent Intra-day results.


Technical analysis: Gold has tested and reversed near the #3,657.80 local High's which is currently posing as an hard Resistance zone. I spotted necessary similarities on Daily chart after the latest Monthly High's test, in a candle sequence that resembles the sideways movement from July #15, July #29, (abnormal wick on August #4), September #3, and November #9. This suggests that Technically, Hourly 4 chart can’t stay Bearish anymore and should turn fully Bullish any moment as #3,620.80 Support zone extension is realized and #3,700.80 benchmark in extension is on my aim as long as #3,600.80 benchmark is preserved and not invalidated. This slowdown Daily chart is also an indication that the Bearish trend / much needed correction should already be over, and that the Weekly chart is charging Medium-term Bullish reversal. I was aware that reversal might be delivered as past #4 Asian sessions delivered decent Bearish reversal on Gold.


My position: I am on sidelines waiting for Profitable pattern to trade by with my Profit Target already done for the week.