Gold Binary Options Setup March 18-22 2013


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 this week, March 18th 2013, on the Gold spot.

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

  1. German ZEW Economic Sentiment: Tuesday, 10:00. Exp. 47.9. 49.1 or more, CALL on Gold. 47.3 or less, PUT on Gold.
  2. U.S. Building Permits: Tuesday, 12:30. Exp. 0.93M. 0.97M or more, PUT on Gold. 0.87M or less, CALL on Gold.
  3. German PPI: Wednesday, 07:00. Exp. 0.2%. 0.9% or higher, CALL on Gold. 0.0% or lower, PUT on Gold.
  4. U.K. CBI Industrial Order Expectations: Thursday, 11:00. Exp. -16. -13 or more, CALL on Gold.-18 or less, PUT on Gold.
  5. U.S. Unemployment Claims: Thursday, 13:30. Exp. 343K. 348K or more, CALL on Gold. 328K or less, PUT on Gold.
  6. German Ifo Business Climate: Friday, 09:00. Exp. 107.8. 108.3 or more, CALL on Gold. 107.2 or less, 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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