Gold trading for 3 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1384 with targets as 1397 and 1407. Stoploss should be placed around 1378 level.
Why to go Long: Gold is trading strongly above its intraday support of 1380. Gold look bullish, with bulls entering market.
Short term trend will be consolidation and for medium term it is still bullish.