What is macd gold cross

The MACD gold cross is a technical analysis indicator that occurs when the moving average convergence divergence (MACD) indicator crosses above its signal line. This crossover indicates a potential shift in the trend of the bull market from bearish to bullish. The MACD gold cross is considered a strong buy signal by many traders and is often used in conjunction with other technical indicators to confirm the crossover. The formation of the MACD gold cross is rare and is seen as a holy grail by some traders, indicating a highly reliable bullish breakout pattern.