What is the golden and death crossover?
What is the golden and death crossover?
A Golden Cross is a bullish technical analysis pattern that occurs when a shorter-term moving average (like the 50-day moving average) crosses above a longer-term moving average (like the 200-day moving average). This crossover signals a potential upward trend in a stock or market, indicating that buying momentum is increasing.
The Golden Cross is often used by traders and investors as a sign of strengthening market sentiment and a possible long-term price rise.
What is a Death Cross?
The Death Cross happens when the short-term moving average (50-day) moves below the long-term moving average (200-day). This pattern is considered a bearish signal, indicating that the downtrend may continue. It reflects weakening market momentum and is frequently used by traders to inform their decisions.
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