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Unlike "Death Cross", a "Golden Cross" is a bullish technical pattern that occurs when a short-term moving average (usually the 50-day) crosses above a long-term moving average (typically the 200-day). This crossover signals a potential shift from a downtrend to an uptrend, indicating growing buying momentum and the possibility of a strong bull market ahead.
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Traders often see the golden cross as a key indicator of sustained upward price movement, making it a popular signal to enter or hold long positions. However, since it is a lagging indicator, it’s best used alongside other tools to confirm the trend.
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