Golden Cross: The Last Time THIS Happened, Gold Prices Ran From $290 To All-Time High Of $1923!

SilverDoctors.com
February 12, 2017

The previous time that the 50 Week MA broke UPWARDS in Gold was in 2002 and price then ran from $290 to the all-time high of $1923.
This indicator has just broken upwards again…
Submitted by Ben Drage, Forex Analytics:

A Golden Cross is a bullish breakout pattern normally of the 50 period MA in relation to the 200 period MA.

There has been plenty of interest in my recent chart showing this happening in Weekly Gold.

The Rest…HERE

This entry was posted on Sunday, February 12th, 2017 at 2:12 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.