Constellation Research’s Ray Wang, Gibbs Wealth Management President Erin Gibbs and Payne Capital chief market strategist Courtney Dominguez offer their perspective on markets and investing.
A golden cross is a technical pattern that occurs when a security’s short-term moving average crosses above its long-term moving average. Typically, traders use the 50-day and 200-day figures.
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The pattern is a signal to investors that a long-term rally may be underway.
Golden crosses usually don’t occur until an index or security has already begun its uptrend. Typically a golden cross has more meaning when both moving averages are upward sloping.
While a golden cross is a sign of a bullish bias, traders typically use other indicators to strengthen their conviction that a rally is coming.
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The golden cross is the opposite of a death cross, which occurs when the 50-day moving average crosses below the 200-day moving average.
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July 28, 2020 at 02:55AM
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What is a golden cross? - Fox Business
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