Trade idea: Pause before Rise. The technical configurations favour a rise on the market after an initial pause to buying levels.
Details: The market is upside oriented today. However, before we expect an acceleration to the upside, the market will shape an intermediate setback. We advise to play this bullish strategy when the market approaches the initial setback level at 1849, and as long as the market does not go below 1839. Once we see the buying level at 1849, we then anticipate a direct rise to 1929. Buy close to 1849 to play a rise to 1929. The invalidation level of this trade idea is at 1839.
Buy GOLDDEC11
Entry: 1,849.00
Target: 1,929.00
Stop loss: 1,839.00
Details: The market is upside oriented today. However, before we expect an acceleration to the upside, the market will shape an intermediate setback. We advise to play this bullish strategy when the market approaches the initial setback level at 1849, and as long as the market does not go below 1839. Once we see the buying level at 1849, we then anticipate a direct rise to 1929. Buy close to 1849 to play a rise to 1929. The invalidation level of this trade idea is at 1839.
Buy GOLDDEC11
Entry: 1,849.00
Target: 1,929.00
Stop loss: 1,839.00
