goldpriceprediction

Gold is nearing the formation of a famous technical pattern that may indicate further price declines in the coming period. What is this pattern? And how can traders benefit from it in their strategies?
What is the "death cross"?
This technical pattern occurs when the 50-day simple moving average (SMA) of an asset crosses down below the 200-day simple moving average. When this shape appears on price charts, it is often considered a signal to traders that the downtrend in prices may continue.