Gold Binary Options Setup February 24-28 2014

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 February 24th 2014  on the Gold spot.

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

  1. German Ifo Business Climate: Published on Monday at 09:00 GMT. The market expects a score of 110.7. If the outcome is 111.0 or more, CALL on Gold. If the result is 110.3 or less, PUT option on Gold.
  2. U.K. BBA Mortgage Approvals: Tuesday, 09:30. Exp. 47.9K. 48.3K or more, CALL on Gold. 46.0K or less, PUT on Gold.
  3. U.S. CB Consumer Confidence: Tuesday, 15:00. Exp. 80.2. 81.2 or more PUT on Gold. 79.7 or less, CALL on Gold.
  4. Euro Zone GfK German Consumer Climate: Wednesday, 07:00. Exp. 8.3. 8.6 or more CALL on Gold. 7.9 or less, PUT on Gold.
  5. U.S. New Home Sales: Wednesday, 15:00. Exp. 406K. 418K or more PUT on Gold. 402K or less, CALL on Gold.
  6. Euro-Zone M3 Money Supply: Thursday, 09:00. Exp. 1.1%. 1.4% or higher, CALL on Gold. 0.9% or lower, PUT on Gold.
  7. U.S. Unemployment Claims: Thursday, 13:30. Exp. 333K. 339K or more, CALL on Gold. 330K or less, PUT on Gold.
  8. Euro-Zone CPI Flash Estimate: Friday, 10:00. Exp. 0.7%. 0.9% or higher, CALL on Gold. 0.5% or lower, PUT on Gold.
  9. U.S. Pending Home Sales: Friday, 15:00. Exp. 2.9% 3.2% or higher PUT on Gold. -9.2% or lower, 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%.

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.

Full Disclosure: BOCrunch is affiliated with  24option.

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