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 1858, as we anticipate a direct drop to 1726. Sell close to 1826 to play a drop to 1726. The invalidation level of this trade idea is at 1858.
Sell GOLDDEC11
Entry: 1,826.00
Target: 1,726.00
Stop loss: 1,858.00
Details: The market is downside oriented today. We advise to play this bearish strategy as long as the market does not go above 1858, as we anticipate a direct drop to 1726. Sell close to 1826 to play a drop to 1726. The invalidation level of this trade idea is at 1858.
Sell GOLDDEC11
Entry: 1,826.00
Target: 1,726.00
Stop loss: 1,858.00
