E.U. session opening delivered weak response to yesterday's Buying sequence and the Hourly 4 #MA200 (#1,717.80) have been clearly broken and that gave the green light for the second mini Bullish leg towards #1,732.80. As mentioned yesterday that would be a Higher High and only after hitting the Higher High - the Price-action will reveal Gold's underlying trend. Keep in mind that Gold is coming to a Triple Top Weekly rejection on the Higher High trend line of the #3 month Channel Up, and what followed was a aggressive sell-off to #1,680.80 - but is still early to speculate Long-term trend. Once again I witnessed the dynamics of Buying Lows and Selling Highs (Investment banks classic strategy), as the Bearish momentum on Daily chart failed after the #1,695.80 Bottom. Main reasons for this are that the same pattern as May #27 Hourly 4 chart is emerging (as Gold repeats it's Weekly/Monthly cycles) and Stock markets taking strong hits which is adding constant Buying pressure on Gold. It is vital to understand that with the risks involved on a Weekly scale, only if Higher High is crossed, I can say that the Bullish reversal is in continuation. Since I expect an mini Bullish session towards #1,730.80, I engaged set of Buys pursuing those Targets. I remain Bullish on the Medium-term, and I expect #1,730.80 break within #2 sessions. On the other hand, #1,695.80 is Daily chart Support, and if breaks, it is a call for Bearish leg and my outlook is invalidates. As I can see, Daily Bullish Price-action confronted Buyers yesterday, as I doubt that it will stop. Influenced by a pullback on Stock markets mostly, Daily action should press Gold as far upwards. Since Swings are new norm, attach strict Stop-loss. Trade accordingly.