Once again, however, we find ourselves at an interesting level. In the chart above, gold broke out with fervor in mid-January. The line that it broke out from has remained as long-term support -- being successfully tested twice in March, which we were able to play for a very nice trade on the long side. I believe tonight in the market we may have that chance again as we near the buy zone that I have drawn above as 1271-1268. Any hard breach of the should be considered a time to stop out.
Buy gold between 1271-1268 (or anywhere near the )
Target: 1295 (or anywhere near the overhead resistance line)