Eoin Treacy's view Gold has returned to a potential area of support following an accelerated decline over the last month. While sentiment is bearish and not without cause, the speed of the decline suggests shorts have increased and could be under pressure if a rally takes place. Potential for a bounce has increased so I opened a long this morning in the April contract at $1567.3 including spread-bet dealing costs. The risk of course is that my purchase is premature and that prices deteriorate even further.