[GoldChild]

Mostly looking at the long term trend for the USD.
http://stockcharts.com/def/servlet/SC.web?c=$USD,uu[m,a]waclyyay[df][pb8!b21][vc60][iUb14!La12,26,9]&pref=G
This is getting to the top of the channel again. A firm breakout will of course change my mind.

Another is Gold's 200dma which it looks like it is about to bounce off of again. Two lagging indicators are the rise in the RSI and MACD which shows best on this chart http://stockcharts.com/def/servlet/SC.web?c=$GOLD:$USD,uu[m,a]waclyyay[de][pb8!b21][vc60][iUb14!La12,26,9]&pref=G which exagerates the rsi a bit.
The RSI has ticked up but only just. Just waiting for the MACD.

Another indicator that has been a good buy signal on previous swings is the actual convergence of the 8 and 21 week ma (~50 and 200 days) shown in blue and red. Last time (March 04) this and MACD gave a false signal so I'm interested to see so many line up this time.

I haven't previously used them but Cliff Droke has also noted that the Stochastics are showing an upturn too.

All these signals are clearer on Gold/USD charts than Eur/USD which is why I trade it (plus margins of gold are less). So far it's been the dollar's value that been driving the moves more than gold's so unless gold takes off in Euros too this looks a lot like the previous 4 swings and most agree that the long term trend for the dollar is still down.