Curious to see how Gold develops going forward from this point. Previous consolidation phases averaged about 18-months, currently the count for this month
The weekly seems very bullish if it can break out from this current channel (which would pull the 3/10macd fast line positive
Current price structure looks like a cup w/ handle pattern
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.