First screen: the 4-hour chart for gold
Gold futures have staged a steady climb to reach a tad above $1,000 before reversing course and went through an eight-day losing streak. On the H4 chart, the bullish divergence between price action and MACD-H is screaming buy. The downtrend is extended and now ready to reverse course once again as traders see it as an investment safe haven.
On the hourly, there is a rare triple bullish divergence being formed -- the price action makes consecutive lower bottoms while the MACD-H makes higher bottoms. Notice also the long, extended downtrend -- waiting to be reversed, again confirming the message we have seen in the 4H chart.
Third screen: the entry