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Tried Google? What Is a Golden Cross? A golden cross is a chart...

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    Tried Google?

    What Is a Golden Cross?

    A golden cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 50-day moving average) crossing above its long-term moving average (such as the 200-day moving average) or resistance level.


    As long-term indicators carry more weight, the golden cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.


    Key Takeaways

    • A golden cross is a technical chart pattern indicating the potential for a major rally.
    • The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
    • The golden cross can be contrasted with a death cross indicating a bearish price movement.


 
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Last trade - 16.10pm 20/05/2024 (20 minute delay) ?
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