Bears Around The Corner

Feb. 02, 2010 08:01AM PST

Gold is in a very vulnerable position at this point. Time to buy? Though gold posted its biggest rally since October on Monday, with spot gold trading at $1,105.13, up 2.25 per cent, traders maintained that prices continued to trade sideways above support near $1080.00. Gold bugs have been advised to keep a …

Gold is in a very vulnerable position at this point. Time to buy?

Though gold posted its biggest rally since October on Monday, with spot gold trading at $1,105.13, up 2.25 per cent, traders maintained that prices continued to trade sideways above support near $1080.00. Gold bugs have been advised to keep a close eye on $1,075.