Ethio Forex

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.

Time frame is the king