HandofGold

BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MIN

Long
AMEX:GDXJ   VanEck Junior Gold Miners ETF
A BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART

AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ

SOIURCE: https://www.investopedia.com/terms/g/goldencross.asp

What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level . As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.


https://www.investopedia.com/thmb/NXwxIinKHx9FmoP52xsMkae6lbs=/1536x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png

KEY TAKEAWAYS
The golden cross is a technical chart pattern indicating the potential for a major rally.
The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
The golden cross can be contrasted with a death cross indicating a bearish price movement.
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