BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MIN
Updated
A BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART
GDXJ
JNUGJNUGCURRENCYCOM:JNUGCURRENCYCOM:JDSTJNUGJDSTCURRENCYCOM:JDST
XAUUSDXAUCADGDX
BTGNYSE:AUYBCBA:AUY
SILVNASDAQ:PAAS
SGDJ
SILJG2XJ
SOIURCE: https://www.investopedia.com/terms/g/goldencross.asp
What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal 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 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
https://www.investopedia.com/thmb/NXwxIinKHx9FmoP52xsMkae6lbs=/1536x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png
KEY TAKEAWAYS
The 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.
GDXJJNUGJNUGCURRENCYCOM:JNUGCURRENCYCOM:JDSTJNUGJDSTCURRENCYCOM:JDSTXAUUSDXAUCADGDXBTGNYSE:AUYBCBA:AUYSILVNASDAQ:PAASSGDJSILJG2XJSOIURCE: https://www.investopedia.com/terms/g/goldencross.asp
What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal 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 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
https://www.investopedia.com/thmb/NXwxIinKHx9FmoP52xsMkae6lbs=/1536x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png
KEY TAKEAWAYS
The 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.
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.