Gold (Spot) Trading Tips for 6 December 2010, Buy above 1401

By Bhaveek Patel Leave a Comment

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.

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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