The Death Cross in the gold chart (or any chart) is suppose to be an ominous signal.  (A death cross is when the 50 day moving average crosses below the 200 day moving average.)   And a Gold Cross (where the 50 day crosses above the 200) is suppose to be signs of blue skies ahead.  But Barry Ritholtz says whether it’s a Death Cross or a Gold Cross, when it comes to gold,  it’s not very predictive.  He thinks it’s just a look back and not forward.

See:

http://www.ritholtz.com/blog/2013/02/cross-of-gold/