Higher prices for Gold! - 2 May 2011

Gold price continued to march higher after reaching 1500 despite my forecast of a correction.

However, I foresee this week gold price may climb to 1600 before the correction.

Therefore, good to pick long when market corrects to 1554. Stoploss can be place below 1550 and target top to reach 1600 before turning my view to short for the week.

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