As you see on my chart that the red trend line has shifted from the resistance level to the supportive level six trading days ago (look at my prior chart), and the blue line is now trading above the green line. These lines do not move a lot on daily basis. In other words, the blue line will not cross the green line to the downside by two red daily candles. For me, this is a buy on dips not a sell at all. The trend line for gold has shifted from the supportive level to the resistance level four trading days ago.
I am watching for a rejection from the red trend line and will buy based on a price action behavior.
I am watching for a rejection from the red trend line and will buy based on a price action behavior.