GOLD Medium term outlook is bearish 735$/oz

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
143 0 3
GOLD             is trading in a bearish channel and it broke its weekly moving averages, it is heading down.
recommended trades are:
Short XAUUSD             at 1180 Take profit 735 Stop 1380

Buy PUT on gold             strike 1000$ 6 months maturity, it costs peanuts (few 100's) and worth tens of thousands once 1000$ is broken down.

enjoy the profit
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