Gold Binary Options Setup December 17-21 2012


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 this week, December 17th, on the Gold spot.

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

  1. U.S. TIC Long-Term Purchases: Published on Monday at 14:00 GMT. The market expects a score of 22.3B. If the outcome is 24.1B or more, PUT on Gold. If the result is 2.8B or less, CALL option on Gold.
  2. U.K. CPI: Tuesday, 09:30. Exp. 2.6%. 2.9% or higher, CALL on Gold. 2.5% or lower, PUT on Gold.
  3. U.S. Current Account: Tuesday, 13:30. Exp. -105B. -101B or more, PUT on Gold. -124B or less, CALL on Gold.
  4. German Ifo Business Climate: Wednesday, 09:00. Exp. 101.9. 102.3  or more, CALL on Gold. 100.9 or less, PUT on Gold.
  5. U.S. Building Permits: Wednesday, 13:30. Exp. 0.87M. 0.89M or more, PUT on Gold. 0.81M or less, CALL on Gold.
  6. U.K. Retail Sales: Thursday, 09:30. Exp. 0.3%. 0.5%  or higher, CALL on Gold. -1.0% or lower, PUT on Gold.
  7. U.S. Unemployment Claims: Thursday, 13:30. Exp. 350K. 355K or more, CALL on Gold. 340K or less, PUT on Gold.
  8. U.S. Core Durable Goods Orders: Friday, 13:30. Exp. -0.1%. 2.0% or higher, PUT on Gold. -0.4% or lower, CALL on Gold.
  9. U.S. Revised UoM Consumer Sentiment: Friday, 14:00. Exp. 75.2. 76.2 or more, PUT on Gold. 73.2 or less, CALL 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%.
For Gold Binary Options, read our weekly gold binary options setup.

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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