I don't usually take much notice of the "golden cross", as almost all indicators are lagging. However it cannot be overlooked that a lot of people do. Visual chart below, crossed 23rd May. "Technically" by the golden cross standard, we should see it break up again shortly. But I'd be happy for it to continue consolidating a while longer. You can consider consolidation like a 'spring coil', the longer it goes sideways, the stronger the breakout - generally.
We have a gap at $1.145 and $0.905, but for now it's holding the 38.2% fib from the last swing low. Taking note the lower highs in the past ~7 weeks. Remains to be seen if it will pull back a little further than it has.
WR1 Chart Thread, page-516
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