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.
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.