To paraphrase Investopedia, the golden cross is a chart pattern. A bullish signal in which a market’s moving average moves above a longer-term moving average.

As of 5 PM EST gold futures basis, the most active June 2021 Comex contract is currently fixed at $1877.40 off $4.10. Gold traded to a high today of $1885.30, which is below yesterday’s high.

Federal Reserve Chairman Jerome Powell said in his last press conference. “We’re not thinking about raising rates.