Gold spot intraday trading for 18 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1377 with targets as 1385 and 1388. Stop loss should be placed near 1374 level.
Why to go Long on Gold : Gold is on positive move and is still supported by rising trend line. However, RSI is also supporting the upside. Trend is more likely to be bullish for today’s trading.
Short term trend is still range bound however we are bullish in medium term.