Gold Binary Options Setup April 06-10 2015


Market events have great impact on gold prices and can produce trading opportunities for gold binary options traders. We highlighted for you the main events for the week of April 6th 2015 on the Gold spot.

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Let’s review the events. All times are GMT.

  1. Spanish Unemployment Change: Published on Monday at 08:00 GMT. The market expects a score of -18.3K. If the outcome is -10.3K or more, PUT on Gold. If the result is –19.7K or less, CALL option on on Gold.
  2. U.S. ISM Non-Manufacturing PMI: Monday, 15:00. Exp. 56.6. 57.1 or more, PUT on Gold. 56.3 or less, CALL on Gold.
  3. U.K. Services PMI: Tuesday, 09:30. Exp. 57.1. 57.3 or more, CALL on Gold. 56.4 or less, PUT on Gold.
  4. U.S. JOLTS Job Openings: Tuesday, 15:00. Exp. 5.01M. 5.03M or more, PUT on Gold. 4.98M or less, CALL on Gold.
  5. German Factory Orders: Wednesday, 07:00. Exp. 1.5%. 1.7% or higher, CALL on Gold. 4.2% or lower, PUT on Gold.
  6. Euro Zone Retail Sales: Wednesday, 10:00. Exp. -0.1%. 1.2% or higher CALL on Gold. –0.3% or lower, PUT on Gold.
  7. U.S. Unemployment Claims: Thursday, 13:30. Exp. 285K. 289K or more, CALL on Gold. 280K or less, PUT on Gold.
  8. U.K. Manufacturing Production: Friday, 09:30. Exp. 0.4%. 0.5% or higher, CALL on Gold. 0.7% or lower, PUT on Gold.

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These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

Quick explanations:

CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. If it closes below, you’re left with 10%.
PUT options – if the price closes under the price you purchased at expiry time, you make 75%. If it closes above, you’re left with 10%.

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

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