Intraday Market Thoughts

Can Gold Resist the Death Cross ?

by Ashraf Laidi
Mar 25, 2014 10:46

There has been a high profile bearish technical development in the price of gold, namely, a “death cross” formation, as indicated by a decline in the 100-week moving average below the 200-week moving average—for the first time since 2002. Care must be paid when drawing conclusions from “death” and “golden crosses” due to the time lag involved.  Complete charts & analysis here

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Can Gold Resist the Death Cross ? - Gold Mar 24 (Chart 1)


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