Gold Binary Options Setup January 6-10 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 first week of 2014  on the Gold spot. Happy New Year from the BOCrunch team.

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

  1. UK Services PMI: Monday, 10:30. Exp. 60.4. 60.8 or more, CALL on Gold. 50.6 or less, PUT on Gold.
  2. U.S. ISM Non-Manufacturing PMI: Tuesday, 16:00. Exp. 54.6. 55.1 or more, PUT on Gold. 53.4 or less, CALL on Gold.
  3. German Retail Sales: Tuesday, 08:00. Exp. 0.5%. 0.7% or higher CALL on Gold. -1.1% or lower, PUT on Gold.
  4. Euro Zone CPI Flash Estimate: Tuesday, 11:00. Exp. 0.9%. 1.1% or more CALL on Gold. 0.7% or lower, PUT on Gold.
  5. U.S. Trade Balance: Tuesday, 14:30. Exp. -40.2B. -39.7B or more, PUT on Gold. -41.4B or less, CALL on Gold.
  6. German Trade Balance: Wednesday, 08:00. Exp. 18.9B. 19.3B or more CALL on Gold. 15.6B or lower, PUT on Gold.
  7. U.S. ADP Non-Farm Employment Change: Wednesday, 14:15. Exp. 199K. 225K or more, PUT on Gold. 186K or less, CALL on Gold.
  8. U.S. Unemployment Claims: Thursday, 13:30. Exp. 337K. 340K or more, CALL on Gold. 335K or less, PUT on Gold.
  9. U.K. Manufacturing Production: Friday, 10:30. Exp. 0.4%. 0.8% or higher CALL on Gold. 0.1% 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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