Golden Cross


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Golden Cross

1. In technical analysis, a situation in which a short-term moving average of a stock's price exceeds its long-term moving average. The long-term moving average is seen as the stock's resistance level, or price over which the stock rarely rises. Thus, when a golden cross occurs, this is seen as a bullish indicator, at least in the short-term.

2. In foreign exchange, a technical indicator in which short-term and long-term moving averages for a currency are moving in the same direction, meaning that the currency will continue this trend in the short-term.
References in classic literature ?
The entry was scarcely completed when they reached the Golden Cross.
One wing of the National Gallery was gone, and the Golden Cross Hotel was in flames.
We went to the Golden Cross at Charing Cross, then a mouldy sort of establishment in a close neighbourhood.
Ladbrokes have pushed Rhinestone Cowboy out to 10-1 for the Champion Hurdle and now make Rooster Booster 3-1 favourite with Intersky Falcon at 4-1 and Golden Cross 16-1.
The 40-year-old smashed a small pane and cracked two others at the Golden Cross in Bute Terrace, Cardiff, after he was thrown out following a dispute over change.
Outraged gig-goers launched a campaign to save live bands at the Golden Cross pub in Hay Lane after the council put restrictions on amplified music at the award-winning venue, making live music unworkable.
GOLDEN CROSS will seek to enhance his growing reputation in the AIG (Europe) Champion Hurdle at Leopardstown on Sunday.
Tickets for Sunday's show, which also features the annual Fairy Awards ceremony, are pounds 20 and are available from The Kings Cross and Golden Cross pubs in Cardiff and Safer Cardiff on 029 2087 1260.
THE Michael Halford-trained Golden Cross with Charlie Swan on board started 11/2 favourite for the JCB Triumph Hurdle and, although never really travelling, ran his heart out to finish third behind Spectroscope and longtime leader Well Chief.
The band were due to hold the party at the Golden Cross, in Hay Lane.
THE eagerly awaited return clash between Solerina and Golden Cross at Leopardstown tomorrow is off, with trainer Michael Halford yesterday ruling Golden Cross out of the Christmas Hurdle after the six-year-old failed to scope clean, writes Tony O'Hehir.
Pupils at Scope's school for children with cerebral palsy in CraigyParc, Pentyrch, visited the Golden Cross tug boat and were shown around by Captain Stuart White and his wife, Bond actress Suzie Wong.