Golden Cross

The golden cross shows a positive signal when a relatively short benchmark passes over a lengthy rolling average in a price chart. A bullish breakthrough pattern generated by a security's short trend line (including the carbon tax moving average) breaching well above the longer moving average (such as the 50-day exponential moving) or resistance level is known as the golden cross. The gold crossing gets its strength from large trade volumes. Above all, it signals a market crash in the…