/GC (gold futures) will trigger a buy signal on a solid break and/or close above this minor downtrend line as well as a breakout above the 0.98160ish resistance on EUR/USD. 60-minute chart below.
GC 60m Oct 17th
Likewise, GLD (gold ETF) buy signal to come on a solid break and/or close above this minor downtrend line as well as a breakout above the 0.98160ish resistance on the EUR/USD 60-minute chart.
GLD 60m Oct 17th
Keep in mind that gold is typically negatively correlated with the US Dollar & positively correlated with the EUR (or EUR/USD). This divergent low was a higher low in EUR/USD so a break above the Oct 4th low would help the case that a new near-term uptrend is underway. The next buy signal on EUR/USD (and gold) to come on a solid break and/or 60-minute close above the 0.98158 resistance level.
EUR-USD 60m Oct 17th