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Gold Price Chart Posts Bullish Golden Cross Formation, Will it Rally? 2021-06-09 20:30:00 Peter Hanks, Strategist Gold Price Forecast: Gold posted a bullish “golden cross” formation this week that could suggest further gains are ahead Gold bulls will need to avoid further taper talk that could spark a USD rally and cripple gold gains Gold Price Chart Posts Bullish Golden Cross Formation, Will it Rally? Gold prices may continue to rise after the precious metal posted a bullish moving average crossover on the daily chart early this week. The “golden cross” formation occurs when a shorter-term moving average overtakes a longer-term moving average and many traders take the crossover as a hint that further gains could be in store. In the case of the gold price chart, the 50-day simple moving average has overtaken the 200-day simple moving average around the $1828 price point and may equip gold with the bullish sentiment required to push higher.

Guy adamiDan nathanPeter hanksMarket committeeGold price forecastPrice chart posts bullishPrice chartDaily time frameWeekly time frameFederal open market committeeபையன் ஆதாமிடான் நாதன்பீட்டர் ஹாங்க்ஸ்சந்தை குழுதங்கம் ப்ரைஸ் முன்னறிவிப்புப்ரைஸ் விளக்கப்படம்