By Ben Turney | Monday 10 March 2014
According to IG Index’s charts, gold is on the verge of triggering a Golden Cross buying signal. This will happen as gold’s 50-day moving average (50MA) positively crosses the 200-day moving average (200MA). Doing some “back of fag packet” calculations, I think this will happen on Wednesday, unless there is a large sell-off beforehand. Gold Bugs will rejoice at this event, but I’m a little more cautious.
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