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Lambert: Time to look at gold again

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November 06, 2015 commodities, commodities markets, commodities supply, commodity, commodity investing, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, gold, gold bullion, gold buy, gold buying, gold commodity, gold demand, gold exchange, gold future, gold investing, gold investment, gold levels, gold long, gold market, gold price, gold prices, gold spot, gold support, gold trade, gold trading, goldprice, precious, precious metal, precious metal prices, precious metals, precious metals prices, preciousmetals, saxo, saxo bank, saxo tv, trading, tradingfloor, tradingfloor.com
Gold has recently seen a significant sell-off, says Clive Lambert from FuturesTech. While the precious metal was looking to test 1200 just a few weeks ago, on Thursday it almost tested 1100.

Lambert thinks gold is now looking a little oversold and he says 1100 is a strong area of support, attracting buyers in September and October. He believes that the recent sell-off was fast so wonders if it's time for a bounce.

He notes that this Friday's nonfarms payrolls make predictions difficult but he is looking to:

Buy: Above 1111-1113
Targets: 1125 and 1136 
Stop: Below 1106