I don't expect gold to rocket above this level
right now. It is in a substantial resistance area
and the boyz don't want it to go back up to $1000
and higher, so they'll probably bang it down from
here for a while.
This is a tricky area to trade, because you don't want
to get stuck in April contracts ahead of First Notice on
the 28th, but the June contract trades very lethargically
and like glue instead of trading fluidly tick by tick due
to a lack of liquidity right now. That gets better nearer
the First Notice of April gold when June moves into
Front Month position.
