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trigger; positive fast line on weekly time frame in order to anticipate the higher (monthly) time frame setting up a 3d criteria long setup.  $54.30 stop seems wide but it is a larger time frame.  I'm not a fan of the setup being that it's a red candle in a predominantly bear trend, but you have to wait it out and gauge momentum.

Gold has been oscillating around it's midpoint for 18 months now.

GC update

Not going to hide the fact that the long setup in GC didn't play out.  A red fast line going forward would be a short worth considering.

Perhaps keeping watch on the faster (4H) time frame could have kept this position out of trouble.

Gold Potential

The weekly (below, left) holding 1280 off of a double-bottom, while the daily is trying to regain 1305 off of a double-bottom.
The daily may end up triggering a buy entry with the fast line turning positive (tomorrow?).

While looking at the continuous 4H it may be a better idea to watch this time frame for when the 3/10macd orients back to bullish (FL>SL), 1305 being a key resistance.

GC

Gold targets met on higher time frame.
Monthly (below, left), weekly (below, right)
The initial entry on the weekly has hit a secondary objective, while taking the second entry resulted in 3R coinciding with the 50-period SMA and an overhead trend line.

The daily (below, right) has a fast line < slow line hinting at potential pullback/consolidation.  Though if the fast line turns back up abruptly we would likely see a continuation move.

GC

Gold finally hit the primary price target today 1247.90.  Secondary target being 1270.60 with breakeven stops for any remainder positions.

Gold

Monthly/weekly (below left, right) -  Has the potential for a sharp rally if this double-bottom holds.  Slight buy divergence on the weekly and longer term inverted head and shoulders pattern.

Daily - Would be preferable to see momentum on a (daily) fast line turn to positive.