Gold Binary Options Setup March 17-21 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 March 17th 2014  on the Gold spot.

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

  1. U.S. TIC Long-Term Purchases: Published on Monday at 13:00 GMT. The market expects a score of 23.4B. If the outcome is 35.4B or more, PUT on Gold. If the result is -66.9B or less, CALL option on Gold.
  2. German ZEW Economic Sentiment: Tuesday, 10:00. Exp. 52.8. 56.1 or more, CALL on Gold. 52.2 or less, PUT on Gold.
  3. German PPI: Thursday, 07:00. Exp. 0.2%. 0.3% or higher CALL on Gold. -0.2% or lower, PUT on Gold.
  4. U.K. CBI Industrial Order Expectations: Thursday, 11:00. Exp. 5. 8 or higher CALL on Gold. 1 or lower, PUT on Gold.
  5. U.S. Unemployment Claims: Thursday, 13:30. Exp. 327K. 330K or more, CALL on Gold. 314K or less, PUT on Gold.
  6. Euro Zone Current Account: Friday, 09:00. Exp. 18.4B. 21.8B or more CALL on Gold. 17.4B or less, PUT on Gold.
  7. U.K. Public Sector Net Borrowing: Friday, 09:30. Exp. 7.8B. 9.4B or more, PUT on Gold. -7.0B 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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