Gold had a strong breakout day today.
Looking to test $1800 yet again.
Looking at the higher time frame monthly with a weekly trigger chart, should the weekly 3/10macd fast line turns green we could consider that a buy signal for the higher time frame (ultimately we would then like to see the fast line cross the slow line on the weekly, rather than weakly roll over).
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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
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