General discussion - re rate start August 2023, page-87

First of all apologies, golden cross appears when 50MA yellow line at the chart crosses (200MA) blue line.

If I get your question right, what needed to see the cross happen..........you could see the yellow line is pointing upward and about to cross blue line which is 200 day MA. May be in matter of few days mate. It is an extremely bullish sign.

During a downtrend all MAs cross each other downwards, pointing down so if you look at MAs during downtrend you could see them in this top to down order;

1. 200MA
2. 100 MA
3. 50MA
4. 20 MA

During uptrend when cross over happened upwards and if MA pointed high after the cross overs, the order from top to bottom will be;

1. 20MA
2. 50MA
3. 100MA
4. 200MA

To get out of bearish trend, MAs needs to cross upwards to reverse the situation # 1, ultimately after cross overs, the trend will become extremely bullish as shown in situation #2.

Golden cross is signal of changing from scenario 1 to scenario 2.

At the moment price if stays there as it is, it will comfortably cross over 200MA. Cheers and I hope I get your question right.