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moving averages


Guest scoffy

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1 hour ago, scoffy said:

Hi I'm a new member so hope this isn't a daft question

can someone explain to me what a golden cross and a **** cross are please

Hi @scoffy,  They are formed when a fast and a slow moving average cross over, typically the 50 and the 200 though some use the 50 and 100.

In the Death cross the 50 crosses down through the 200 and considered very bearish and a harbinger of continued decline in the market price while the Golden cross is when the 50 crosses up though the 200 and is bullish supposedly signalling continued upward price.

 image.thumb.png.d7a47a6786ab99eec294b2d931d30418.png

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