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. 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

Source: Dailyfx

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