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. :)