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Golden and death crosses are tools used in stock trading to identify trends and potential entries and exits. A golden cross happens when a security's 50-day moving average crosses above its 200-day moving average, indicating a bullish signal for an uptrend. Conversely, a death cross occurs when the 50-day moving average crosses below the 200-day moving average, signaling a bearish trend. Traders can adjust the moving averages based on their time frame for trading.