When traders spot a golden cross, it is seen as a positive indicator, and traders are able to build a strategy around their interpretation of the indicator. The most common averages used when searching for golden crosses are the 50-day and 200-day moving averages. Traders will often use shorter average price movements to spot golden crosses, as well. However, the longer the averages used when hunting for a golden cross, the stronger the indicator is in terms of foreshadowing upward price movement.
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