Gold

Gold took support at $1451 and then bounced to 1554. Long tails can be seen on 4 hourly chart. What kind of response will people give to Gold in such conditions? Will cash in bank help you or cash in hand or move from less liquid assets like shares/bonds to more liquid assets like Gold ? People may ask why I am saying Gold as more liquid. If I have certified temper proof gold coin then I can go and buy anything on street but that I can't do with shares lying in demat account as nobody knows that what is the actual worth of a company in recessionary situation.