Gold Binary Options Setup January 13-17 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 January 13th 2014  on the Gold spot.

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

  1. U.S. Federal Budget Balance: Monday, 08:00. Exp. 44.3B. 75.1B or more, PUT on Gold. -147.9B or less, CALL on Gold.
  2. U.K. CPI: Tuesday, 10:30. Exp. 2.1%. 2.6% or higher CALL on Gold. 1.9% or lower, PUT on Gold.
  3. U.S. Business Inventories: Tuesday, 16:00. Exp. 0.4%. 0.8% or higher PUT on Gold. 0.2% or lower, CALL on Gold.
  4. U.S. PPI: Wednesday, 14:30. Exp. 0.5%. 0.7% or higher PUT on Gold. -0.2% or lower, CALL on Gold.
  5. U.K. RICS House Price Balance: Thursday, 01:01. Exp. 59%. 62% or higher, CALL on Gold. 54% or lower, PUT on Gold.
  6. U.S. Unemployment Claims: Thursday, 13:30. Exp. 327K. 332K or more, CALL on Gold. 324K or less, PUT on Gold.
  7. U.S. TIC Long-Term Purchases: Thursday, 15:00. Exp. 42.3B. 47.1B or more PUT on Gold. 31.1B or less, CALL on Gold.
  8. U.K. Retail Sales: Friday, 10:30. Exp. 0.5%. 0.6% or higher, CALL on Gold. 0.2% or lower, PUT on Gold.
  9. U.S. Building Permits: Friday, 14:30. Exp. 1.01M. 1.04M or more, PUT on Gold. 0.97M 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%.

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 and GlobalTrader365 .

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