Gold Long Term Forecast for the Week of April 4, 2011

Gold continues to find support at the $1,410 level, which could very well be the floor for this market now. Because of this, only longs are considered, and a break of $1,450 would confirm this. A measure of the recent consolidation has gold moving towards $1,500 if and when we break free and move to the upside. Shorts are not recommended.

(Source: http://www.commoditiesmansion.com/commodities-analysis-video/gold-long-term-forecast-for-the-week-of-april-4-2011/)