MACD on Gold daily chart was an excellent buy sell trigger until just recently.
Check out the chart... the MACD has been for a long time an excellent buy and sell trigger. It has returned an excellent ROI.
Price discover in Gold has all but disappeared on the last year and now the MACD turns up and then what's new is it turned right back down at the bottom of the range.
That is as we call it in technical land... totally divergent and a very bad sign.
Gold is still above 200 MA but I wouldn't want to be bullish and all in here. It could bounce but I wouldn't bet the farm folks. Go easy long here. Run the test on the 200 ma with caution long.