Gold – Will we have golden crossover?
Golden crossover is a bullish crossover between 50-MA and 200-MA. The daily chart shows 50-DMA is close to crossing the 200-DMA from below… that could happen if prices rally over the next couple of days.
The rising trend line is intact on the price chart and RSI.
Only a daily close below the rising trend line would signal the rally from the Dec low of $1122 has ended and could yield a sell-off to $1197.20 (Mar 14 low).
The rising trend line is intact on the price chart and RSI.
Only a daily close below the rising trend line would signal the rally from the Dec low of $1122 has ended and could yield a sell-off to $1197.20 (Mar 14 low).
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