Gold spot intraday trading for 25 February 2011, Gold intraday trading tips, Long (Buy) Gold above 1403 with keeping targets as 1408 and 1415. Stop loss should be placed below 1399 level.
Why to go Long on Gold : Gold witness some profit booking near 1416 level and now it is again trending with upward momentum. So this seems to be a good buying opportunity. RSI is rebounding and is well directed. Trend is likely to be mixed with bullish bias for today’s trading.
Short term trend is now bullish and for medium term will also remain bullish.