what is a golden cross 
a golden cross is a chart pattern in which a relatively short term moving average crosses above a long term moving average the golden cross is a bullish breakout pattern formed from a crossover involving a security s short term moving average such as the 50 day moving average crossing above its long term moving average such as the 200 day moving average or resistance level as long term indicators carry more weight the golden cross indicates the possibility of a long term bull market emerging high trading volumes generally reinforce the indicator investopedia julie bang