Tentative long set-up appears to be in making
Cautiously long, expecting a break above 1720-30 for safe long.
Here is a weekly chart for Gold continuous futures. Those who follow gold closely, know that it is in a painful range for more than a year after hitting all time high in 1923 area. The ranges are very difficult to trade for trend followers and price action is choppy and churning, resulting in many bad trades or scratch trades and eventually everyone throws in the towel before a move develops out of the range. Gold has been in 1800-1500 range for more than a year now (yellow dashed lines).
