Monday, August 29, 2011

GOLD Trade idea:


Trade idea:  Bearish (direct drop). An immediate drop is expected on the market.
Details:  The market is downside oriented today. We advise to play this bearish strategy as long as the market does not go above 1810, as we anticipate a direct drop to 1726. Sell close to 1790 to play a drop to 1726. The invalidation level of this trade idea is at 1810.