If you are thinking of going long gold, take a look at the patterns that formed over the past few years... the rising double trough in the MACD Histogram looks like the money pattern. That is, once the MACD crosses the zero line, the price rises. That however, is not the pattern that is forming in the MACD right now.
The suggestion is to wait for the pattern to form, then go long when the MACD on the 2nd trough approaches zero...your odds will increase when you trade the "proven pattern". And, you will also be better equipped to identify a pattern that fails, and cut your losses.
tb
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