NEW YORK (TheStreet) -- I find it interesting and potentially rewarding to spot a market turn and then follow it as it progresses.

We highlighted the improving gold market yesterday and today we want to point out a technical improvement in real time, so to speak.

Many traders, technically oriented or not, follow moving averages and cross-overs. One of the more popular moving average time frames is the 50-day simple moving average. Note how Thursday's post Federal Reserve announcement rally has lifted the SPDR Gold Trust ETF (GLD) - Get Report above its 50-day moving average.

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The Market Vectors Gold Miners ETF (GDX) - Get Report and the Market Vectors Junior Gold Miners ETF (GDXJ) - Get Report have also just moved above their respective 50-day moving averages.

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The crossing of the moving average will prompt some traders to either cover shorts or go long, so look for follow-through buying on Friday. When the slope of the 50-day moving average turns positive, it will be another reason to go long precious metals.