Replies to post #1509 on Better Traders

[desertcynlite]

I think gold is done and heading back down for several reasons. My 4 hour chart signaled it was ready to go down (5 ema crossed below the 9 ema) on Friday. Price was not able to get above the 200 ema (on 4 hour) either and it gave it a good go of it for two days. The icing on the cake is the dollar though. It looks like it has found support above the downward trendline.



P.S. I just switched to classic view after rewriting this post three times in new version. Can't go grab the Image Gallery when writing a post. Can't preview the post when done, at least I didn't see a button for it.