Potential long entry trigger in Gold today.
On the weekly (below, left) and daily (below, right) today's close marked an entry in anticipation of the weekly time frame buy divergence playing out.
A little faster time frame; Daily (below, left) and ~4-hour (below, right) had a really nice 3d criteria setup and really nice R:R entry. Primary resistance to deal with is the 1289 area.
An even higher time shows a clearer picture of the monthly chart potential for a '3-pushes to a low' setup to play out
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.