chartwatchers
Short

GOLD - 4 hrs chart MACD short signal

FX_IDC:XAUUSD   Gold / U.S. Dollar
101 0 8
On the 4HRS chart MACD is turning down and crossing soon.
It's a strong sell signal. The daily cycle is supporting us: we have 5-7 days to find the daily cycle low.

The possible take profit levels are at the 20EMA, 50EMA, 100EMA.

Even if you are just a daytrader this setup is very good. We must come down to the 20EMA.
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