Gold Binary Options Setup June 6-8 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 before the weekend on the Gold spot.

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

  1. European Minimum Bid Rate: Wednesday, 12:45. Exp. 1.00%. 1.25% or higher, CALL on Gold. 0.75% or lower, PUT on Gold.
  2. U.S. Revised Non-farm Productivity: Wednesday, 13:30. Exp. -0.6%. -0.3% or higher, CALL on Gold. -0.8% or lower, PUT on Gold.
  3. U.K. GBP: Thursday, 09:30. Exp. 52.7. 53.2 or more, CALL on Gold. 52.2 or less,PUT on Gold.
  4. U.S. Unemployment Claims: Thursday, 13:30. Exp. 385K. 387K or more, CALL on Gold. 376K or less, PUT on Gold.
  5. U.K. PPI Input: Friday, 09:30. Exp. -1.2%. -0.8% or higher, CALL on Gold. -1.7% or lower, PUT on Gold.
  6. U.S. Trade Balance: Friday, 13:30. Exp. -49.3B. -48.1B or more, PUT on Gold. -52.6B 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.

Full Disclosure: BOCrunch is affiliated with 24option.

23.6B

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