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The actual Gold price chart is in the bottom section with a 150 day moving average in green. The top section of this chart is a standard 14 day Relative Strength Index. Most people would be familiar with the term "Purchasing Gold on the dips". I believe that this simple indicator is perfect for that job. You can see that buying when the RSI has dipped below 30 (Green vertical lines) has been a relatively successful strategy when topping up on physical Gold positions.You will also note that these times generally coincide with the Gold price dipping down to its 150 day moving average or below, confirming that the sting has gone out of the market.
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