{"id":1373,"date":"2013-02-21T12:37:11","date_gmt":"2013-02-21T07:07:11","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=1373"},"modified":"2019-06-06T20:05:48","modified_gmt":"2019-06-06T14:35:48","slug":"gold-death-cross-is-it-all-over","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/personal-finance\/gold-death-cross-is-it-all-over\/1373","title":{"rendered":"Gold: Death-Cross, Is It All Over?"},"content":{"rendered":"<p>Gold has been grabbing the headlines after the precipitous fall in the last few days. Lots has been said and written about the yellow metal recently. A few technical analysts have highlighted something called the &#8220;Death Cross in Gold&#8221; with the 50-day moving average falling below the 200-day moving average. It&#8217;s probably time to do a technical check on Gold and put things in perspective. Have a look at the weekly chart of gold featured below.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/02\/gold.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-1374\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/02\/gold.png\" alt=\"gold\" width=\"1340\" height=\"586\" \/><\/a><br \/>\nIt&#8217;s apparent from the above chart that the price has been broadly range-bound in the $1,526 &#8211; 1,793 range since Sept.2011. The price is now perched closer to the lower end of this range.<\/p>\n<p>A breach of $1,526 could push the price of gold to $1,250 &#8211; 1,260 range which is 100% range expansion target. Aggressive traders may sense a low-risk opportunity to buy gold at the prevailing levels as the risk is extremely affordable.<\/p>\n<p>Using moving averages to assess the trend is a common practice amongst technical analyst. What we wish to point out here is that moving averages tends to work well in a trending market. It tends to produce a lot of whipsaws when price is not trending. We however seldom use technical indicators or moving averages as they are lagging in nature, by design.<\/p>\n<p>We are also not too convinced if this Death Cross has long-term bearish connotations for gold yet. We would turn bearish once the price falls below the lower end of the trading range at $1,526.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold has been grabbing the headlines after the precipitous fall in the last few days. Lots has been said and written about the yellow metal recently. A few technical analysts have highlighted something called the &#8220;Death Cross in Gold&#8221; with the 50-day moving average falling below the 200-day moving average. It&#8217;s probably time to do [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[66],"tags":[26],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does the death cross in gold mean it is all over?<\/title>\n<meta name=\"description\" content=\"Gold has been grabbing the headlines after its precipitous fall in the last few days. 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