Описание
⋅ Re-longed gold on Friday, 1W and 1D both still look very healthy for bulls.
Cross on 1W MACD, with the 5EMA looking to cross through the 50/100EMA.
We saw a big bounce off 1220 on Friday which served as strong support and reassures me of my long position.
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⋅ Set a SL slightly above cost, if it hits it hits.
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⋅ Moved SL below cost, looks like bears failed 1220 again, could see a bounce to a new high.
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⋅ Removed my SL, doesn't look like we'll see a sub 1220 close today.