Well, this week promises to be just as exciting as the last. We have a good amount of data, earnings, a fed decision, and non farm friday. Should be a somewhat tame morning. Gold currently is up $10, or about 1%. In retro spect I should have gotten long on friday. So, I just purchase some bullion at 1055.5. Posted is a 60 minute chart. We have a bullflag with new momentum highs, adx is rising, and the stochastic is giving us the goahead as well. My stop is at 1044, and I will look to trail a stop behind the 30 low moving average on the 15 minute chart.
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