Gold’s golden cross: The metal just formed a chart pattern that can signal a breakout

Source: USA GOLD Published on Tuesday, May 23 2017
Related articles and keywords:   Chart - Futures - Gains - Georgia - Gold - I-min. - Market - Metal - Signal - Technical Analysis - Weeks
CNBC/Gina Francolla & Fred Imbert/05-23-17 Gold is up nearly 10 percent this year and might be primed for more gains if a signal tracked by technical analysts triggered Monday is any guide. A small gain was enough to push the metal’s 50-day moving average price above the average price of the last 200 days, forming what’s known as a “golden cross” in technical analysis circles. This is seen as a positive signal that demonstrates an asset is outperforming so well in the short-term that it may reve
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