Gold spot intraday trading for 10 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1354 with targets as 1359 and 1363. Stop loss should be placed near 1350 level.
Why to go Long on Gold : Gold is on positive move and is still supported by rising trend line. However, RSI calls for caution, as a trader be extremely cautious while trading gold today. Trend is likely to be mixed to bullish for today’s trading.
Short term trend is still range bound however we are bullish in medium term.