Gold (Spot) Intraday Trading for 7 Dec 2010, Buy Above 1411

Gold trading for 7 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1411 with targets as 1427 and 1436. Stoploss should be placed around 1401 level.

Why to go Long: Gold is trading strongly in bullish channel. We are extreamly bullish after the bearkout of 1401 level.

Trend for the short term is Consolidation and for medium term its still bullish.

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