Wednesday, March 6, 2013

GOLD Time To Build Long Positions GOLD Long Trade Plan
GOLD Daily
I posted this long term picture few days ago and its still valid. Previous post [here].

Looks like GOLD has entered a consolidation phase near the lower horizontal support area. This area is long held and supported dips since Sep-2011.

I am building long positions starting from 1575 till the way down to 1535. This is a possible area from where Gold can bounce. This is wide area and I am building position in small size. So it will average out at a good price. 

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