19/10/2020
The Golden Cross is a bullish phenomenon when the 50-day moving average crosses above the 200-day moving average.
When the market is in a long-term downtrend, the 50-day moving average is below the 200-day moving average.
However, no downtrend lasts forever.
So, when a new uptrend begins, the 50-day moving average must cross above the 200-day moving average — and that’s known as the Golden Cross.