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 1871, as we anticipate a direct drop to 1791. Sell close to 1851 to play a drop to 1791. The invalidation level of this trade idea is at 1871.
Sell GOLDDEC11
Entry: 1,851.00
Target: 1,791.00
Stop loss: 1,871.00
Details: The market is downside oriented today. We advise to play this bearish strategy as long as the market does not go above 1871, as we anticipate a direct drop to 1791. Sell close to 1851 to play a drop to 1791. The invalidation level of this trade idea is at 1871.
Sell GOLDDEC11
Entry: 1,851.00
Target: 1,791.00
Stop loss: 1,871.00
