The golden cross is a candlestick
pattern that is a bullish
signal 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 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level
. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.