Gold trading for 6 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1401 with targets as 1411 and 1419. Stoploss should be placed around 1395 level.
Why to go Long: Gold is trading strongly above its intraday resistance of 1400. Gold look bullish now, as bulls are entering market.
Trend for the short term is Consolidation and for medium term its still bullish.