Gold is running at the BEGINING stage of a long-term bullish trend (5+ years). The first half year of 2017 for gold will be shown as five-wave up in this circle. As of today, gold is running in between the 2-3 wave in the mid-term circle (about 6 months). And in the meantime the D-E wave, the last wave up, in the short term sub-wave circle (about 2 months).
For trading strategy, investors and speculators may choose the trading term (length), based on their own time window to from select mid-circle or shorter run.