Gold Possible bigger picture scenario

Gold tested its 2017 and earlier this year highs in April and couldn't broke up despite several attempts, so far the price action is testing multi weeks uptrend line, possible scenario i am expecting is to the upside but if it tests the white trendline and forms linear compression, most likely we will see another low this year. So anyway, lets see i am building positions for longs for target $1,285 area thereafter i will re asses.

Happy Trading & have a great weekend.

Handel aktiv