Have you ever heard the term "Golden Cross" in technical analysis?
This is one of the most sought-after signals by traders and investors!
Simply put, a Golden Cross occurs when the short-term Moving Average (MA) crosses above the long-term MA.
For example: The 50-day MA crosses above the 200-day MA.
Why is this important?
A Golden Cross is often considered a strong bullish signal, indicating potential price increases in the future. It suggests that short-term price momentum is beginning to strengthen and may lead to a larger upward trend.
Of course, no signal is 100% accurate. Always combine it with other analyses and good risk management!
Have you noticed a Golden Cross in your analysis?
