$PAXG The daily chart shows a MACD death cross below the zero line.
When looking at MACD crosses, the location matters more than whether it’s a golden cross or death cross. A death cross below the zero line usually means a weak rebound has fizzled out and bears have regained the upper hand, so it’s not a good place to go against the trend and buy the dip.
Don’t make decisions based on just one indicator; also consider trading volume and market structure.
When looking at MACD crosses, the location matters more than whether it’s a golden cross or death cross. A death cross below the zero line usually means a weak rebound has fizzled out and bears have regained the upper hand, so it’s not a good place to go against the trend and buy the dip.
Don’t make decisions based on just one indicator; also consider trading volume and market structure.