Gold Binary Options Setup May 20-24 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, May 20th 2013, on the Gold spot.

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

  1. German PPI: Published on Tuesday at 07:00 GMT. The market expects a score of -0.1%. If the outcome is 0.0% or higher, CALL on Gold. If the result is -0.3% or lower, PUT option on Gold.
  2. U.K. CPI: Tuesday, 09:30. Exp. 2.6%. 3.0% or higher, CALL on Gold. 2.4% or lower, PUT on Gold.
  3. Euro Zone Current Account:Wednesday, 09:00. Exp. 14.2B. 17.2B or more, CALL on Gold. 13.9B or less, PUT on Gold.
  4. U.K. CBI Industrial Order Expectations: Wednesday, 11:00. Exp. -17. -14 or more, CALL on Gold. -29 or less, PUT  on Gold.
  5. U.S. Existing Home Sales:  Wednesday, 15:00. Exp. 4.99M. 5.04M or more, PUT on Gold. 4.85M or less, CALL on Gold.
  6. French Flash Manufacturing PMI: Thursday, 08:00. Exp. 44.8. 45.3 or more, CALL on Gold. 44.0 or less, PUT on Gold.
  7. U.K. Second Estimate GDP: Thursday, 09:30. Exp. 0.3%. 0.5% or higher, CALL on Gold. 0.2% or lower, PUT on Gold.
  8. U.S. Unemployment Claims: Thursday, 13:30. Exp. 347K. 362K or more, CALL on Gold. 342K or less, PUT on Gold.
  9. U.S. New Home Sales: Thursday, 15:00. Exp. 429K. 433K or more, PUT on Gold. 412K or less, CALL on Gold.
  10. GfK German Consumer Climate: Friday, 07:00. Exp. 6.2. 6.4.2 or more, CALL on Gold. 5.9 or less, PUT on Gold.
  11. German Ifo Business Climate: Friday, 09:00. Exp. 104.6. 105.1 or more, CALL on Gold. 104.1 or less, PUT on Gold.
  12. U.S. Core Durable Goods Orders : Friday, 13:30. Exp. 0.6%. 0.8% or higher, PUT on Gold. -1.9% or lower, 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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