MoLee
Short

Late entry last train boarding.

FX:XAUUSD   Gold / U.S. Dollar
110 8 3
For those who missed yesterday's train.. The gold             has failed to reach higher highs today and may head lower to 1253.97 as the first station.
Comment: For those of you still in the trade like myself. Looks like the price is trying to pullback to the 36 EMA on the 4hourly chart before it makes a downward movement.
Comment: Returning to 36EMA before making a downward move.
Comment: Gold has continued down after finishing it's retracement to the 36 EMA yesterday! Hope all of you are still onboard and not stopped out.
Welcome for joining here sister
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Thank you
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Can it reach 1244 or not?
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Where is your take profit sis?
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MoLee Lalahong9999
my TP is around 1238 where their seem to be major support. But that will only happen if the price can break the suppport of the 200 EMA.
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Are you sure? Please detail me sister
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MoLee Lalahong9999
The 12 EMA crossed over the 36 EMA.. signalling a sell. Gold had previously attempted a new high at 1290 but failed. today the price tried to retrace for higher highs but could not, a new red candle on the 4H chart shows that the downward trend is about to continue. Next major resistance at my 200 EMA.

If you are looking at the charts now.. Gold is currently at about 1258. about 67 pips downward from when i posted this. :)

Happy trading.
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