Our recommendation for 2 December 2010, Gold intraday trading analysis, Long (Buy) positions in Gold above 1383 with targets as 1396 and 1404. Stoploss must be placed at 1377 level.
Why to go Long: Gold is trading strongly above its intraday support of 1378. Gold look bullish, with bulls entering market.
Trend for the short term is Consolidation and for medium term its still bullish.