Gold Binary Options Setup June 23-27 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 June 23rd 2014  on the Gold spot.

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

  1. German Flash Manufacturing PMI: Published on Monday at 08:30 GMT. The market expects a score of 52.7. If the outcome is 52.9 or more, CALL on Gold. If the result is 52.0 or less, PUT option on on Gold.
  2. U.S. Existing Home Sales: Monday, 15:00. Exp. 4.74M. 4.87M or more, PUT on Gold. 4.59M or less, CALL on Gold.
  3. U.K. BBA Mortgage Approvals: Tuesday, 09:30. Exp. 41.3K. 42.5K or more CALL on Gold. 41.1K or less, PUT on Gold.
  4. U.S. S&P/CS Composite-20 HPI: Tuesday, 14:00. Exp. 11.7%. 12.9% or higher PUT on Gold. 11.4% or lower, CALL on Gold.
  5. U.S. Unemployment Claims: Thursday, 13:30. Exp. 314K. 317K  or more, CALL on Gold. 312K or less, PUT on Gold.
  6. U.K. Current Account: Friday, 09:30. Exp. -17.1B. -15.2B or more CALL on Gold. -23.3B or less, PUT on Gold.
  7. U.S. Revised UoM Consumer Sentiment: Friday, 14:55. Exp. 82.2. 82.4 or more, PUT on Gold. 81.0 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.

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